Will Wants to Open an Account with $500 That Will

question 1

Multiple Choice

Will wants to open an account with $500 that will allow him easy access to his funds (by checks, ATMs, or debit card usage) from many locations. He also wants to earn at least a low interest rate and have federal deposit insurance. What kind of account should he open?

• A) A certificate of deposit
• B) An interest-earning checking account
• C) A money market account
• D) A money market fund
• E) A regular savings account

---

Definitions:

Atomic Number

The number of protons in the nucleus of an atom, which determines the chemical properties of an element and its place in the periodic table.

Atomic Mass

The mass of an atom, typically expressed in atomic mass units (amu), representing the total number of protons and neutrons in the nucleus.

Synthesis Reactions

Chemical reactions in which two or more substances combine to form a new compound.

Catabolic Reactions

Catabolic reactions are metabolic processes that break down molecules into smaller units, releasing energy.