Question

Isavings accounts are like money market accounts because of which of the

following?
O They have a limited number of withdrawals
O They have a low rate of return
O Check writing is authorized
O They have a high minimum balance required

Answer 1

iSavings accounts and money market accounts are similar in that they both have a limited number of withdrawals and do not authorize check writing.

Step-by-step explanation:

iSavings accounts are like money market accounts because they both have a limited number of withdrawals.

For example, most iSavings accounts only allow a certain number of transactions per month, typically around six. Similarly, money market accounts also have restrictions on the number of withdrawals or transfers that can be made.

Check writing is not authorized in either iSavings accounts or money market accounts. Both account types primarily focus on earning interest on deposited funds rather than allowing direct payment through checks.

Learn more about Similarities between iSavings accounts and money market accounts