132k views
4 votes
Rank the three types of deposits that savers make at banks from the "highest return" to "lowest return."

2 Answers

6 votes
Liquidity: checkable deposits, savings deposits, time deposits.
Return: time, savings, checkable
User Cito
by
4.2k points
4 votes

Answer:

From the question given, they are Check-able deposits, Savings and Time

Step-by-step explanation:

The three types or forms of deposits that savers make at banks from the highest return to the lowest return are as follows,

Check-able deposits, Savings, and time

Check-able deposits: is referred to as a checking account, were deposit account held at a financial institution that allows deposit and withdrawals or it is made of any request store account against which draft or checks of any kind might be composed.

Savings: These are income that are not spent by customers or deposit account held at a retail bank that pays premium yet can't be used specifically as cash in the feeling of a medium of trade.

Time: It can be defined as a deposit in a financial balance that can't be taken back for which notice of withdrawal is required or before a set date.

User PJT
by
4.1k points