BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following accounts are you LEAST likely to encounter at a modern bank?
|
|
checking account
|
|
|
certificate of deposit
|
|
|
money market account
|
|
|
passbook savings account
|
Explanation:
Detailed explanation-1: -The correct option is D Business.
Detailed explanation-2: -Traditional savings accounts earn the least amount of interest. Money market accounts earn higher interest rates than traditional savings accounts but still typically offer lower interest rates than other accounts.
There is 1 question to complete.