Question

3. Match the following types of accounts with the services they offer. (8 pts.)

1. money market account
2. regular savings account
Y
T
3. checking account
4. CDs
a. interest is paid monthly
b. interest is calculated at the end of a fixed time period
c. your money must remain in the account for a fixed period of time
d. designed to be daily money management tools

Answer 1

Money market accounts and regular savings accounts offer monthly interest payments, while checking accounts and CDs are designed to be daily money management tools and require a fixed period of time for your money to remain in the account.

Step-by-step explanation:

1. Money market account: d. designed to be daily money management tools

2. Regular savings account: a. interest is paid monthly

3. Checking account: d. designed to be daily money management tools

4. CDs: c. your money must remain in the account for a fixed period of time

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