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Author Question: Which of the following is NOT true about money market accounts? A) A minimum balance must be kept in ... (Read 58 times)

vicotolentino

  • Hero Member
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  • Posts: 552
on: Jun 24, 2018
Which of the following is NOT true about money market accounts?
 A) A minimum balance must be kept in the account for the term specified.
  B) The interest rate paid is fixed for short periods of time.
  C) A small number of checks may be written against the account.
  D) Money market accounts typically offer lower interest rates than regular savings accounts.

Question 2

The term that describes the numeric value where the interest rate and number of interest periods meet in a compound interest table is the
 A) interest value.
  B) multiplier.
  C) periodic rate.
  D) factor.


janeli1

  • Sr. Member
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  • Posts: 330
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

B


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