181k views
2 votes
Which type of account typically has very high liquidity, low or no interest, and low minimum balance?

User MBeale
by
6.4k points

2 Answers

4 votes
A basic savings account is a type of account that typically has a very high liquidity, low or no interest, and low minimum balance. Although it only has low interest rates, you can easily check your balances or the amount you have.
User Epimetheus
by
6.7k points
5 votes
Answer;
Checking account;
A checking account is the type of account that has very high liquidity, low or no interest, and low minimum balance.

Explanation;
It is a deposit account that is normally held at a financial institutions that allows withdrawals and deposits. May also be referred to as transactional accounts, demand accounts, they have high liquidity and can be accessed using checks, ATMs and electronics debits, among other methods.
User Pete Martin
by
7.0k points