Problemas
Elections Math the fullowing type of savings tool on the left with the various characterlistics on the right. Fach theings food may have two characteristics to match. Fach question is worth one points. __ 11. Savings Account A. Money mant remaln in this tool for a specific period of time or pay a penalty fee. __ 14. Money Market Deposit Account B. The account usually requires more money than a savings account to open. __ 13. Certhicate of Depoul (CO) C. This account parys the least amount of Interent.
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professionell · Tutor durante 6 años
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Respuesta
11. Savings Account - C. This account pays the least amount of interest.14. Money Market Deposit Account - B. The account usually requires more money than a savings account to open.13. Certificate of Deposit (CD) - A. Money must remain in this tool for a specific period of time or pay a penalty fee.
Explicación
## Step 1The problem involves matching the characteristics of different types of savings tools with their corresponding descriptions. The savings tools mentioned are Savings Account, Money Market Deposit Account, and Certificate).## Step 2The first characteristic, "Money must remain in this tool for a specific period of time or pay a penalty fee", is a characteristic of a Certificate of Deposit (CD). This is because a CD is a type of savings account where the money must remain for a specific period of time. If the money is withdrawn before the end of the term, a penalty fee is charged.## Step 3The second characteristic, "The account usually requires more money than a savings account to open", is a characteristic of a Money Market Deposit Account. This is because a Money Market Deposit Account usually requires a larger initial deposit than a regular savings account.## Step 4The third characteristic, "This account pays the least amount of interest", is a characteristic of a Savings Account. This a Savings Account typically pays less interest than a Money Market Deposit Account or a Certificate of Deposit (CD).