« previous next »

Author Question: Which of the following is NOT true about money market accounts? A) A minimum balance must be kept in ... (Read 22 times)

vicotolentino

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

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Like all animals, primates must balance their calories expended searching for food with calories, pr Like all animals, primates must balance their calories expended searching for food with calories, pr
Electrolyte Balance Electrolyte Balance
Acid–Base Balance Acid–Base Balance
Stock Market Question Stock Market Question
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Oral Hygiene & Braces Animation

For a complete list of videos, visit our video library