Question

An insured account requiring a minimum balance that draws interest at a higher percentage

than a regular savings account is called a
account.
Select one:
a. money market savings
O b. individual retirement
O c. checking
O d. business savings

Answer 1

A money market savings account is an insured account that requires a minimum balance and offers a higher interest rate than a regular savings account.

Step-by-step explanation:

An insured account requiring a minimum balance that draws interest at a higher percentage than a regular savings account is called a money market savings account.

Learn more about Money market savings accounts