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Jackie uses a software system to place bids automatically on her behalf until her predetermined maximum price is reached.The software bids in such a way as to minimize the final bid.This is referred to as:
Savings Accounts
Bank accounts that earn interest over time, allowing individuals to save money for future use.
Checking Accounts
Bank accounts that allow for easy access to funds through checks, debit cards, and electronic transfers.
Cash Equivalents
Cash equivalents are highly liquid investment securities with maturities of three months or less, making them almost as liquid as cash itself.
Time Deposits
Banking products that hold a fixed amount of funds for a specified period of time, earning interest, such as CDs.
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