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Which of these options for saving money typically offers the most liquidity?

A. A savings bond
B. A money market account
C. A certificate of deposit
D. A basic savings account
@soccerman,

2 Answers

1 vote

Answer:

this guy should not be certified, it's savings bond just had the question


A P E X


User Atiyah
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1 vote
The correct answer is:
D) a basic savings account.

Step-by-step explanation:
Liquidity means ability to withdraw your money quickly.

A savings bond takes time, often years, to mature.

A money market account is fairly liquid, although it can take up to 7 days to withdraw your money.

A certificate of deposit (CD) can be easily withdrawn, but you will lost interest if you do not fulfill the entire term of the CD.

With a basic savings account, you can withdraw money at any time; however you may experience fees for not having met the minimum balance requirements if you're not careful.
User Boden Garman
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