ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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in a vault
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in your bank account
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in your pocket
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none of the above
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Detailed explanation-1: -“Money market accounts are a type of savings account that offers a higher interest rate than traditional savings accounts and can be a good option for keeping your savings safe, ” said Andrew Lokenauth, a personal finance expert.
Detailed explanation-2: -Online savings accounts are among the safest savings vehicles, with federal insurance covering up to $250, 000 in deposits per holder, whether through a bank or a credit union. (A joint account with two holders is insured for up to $500, 000.)
Detailed explanation-3: -Savings accounts are a safe place to keep your money because all deposits made by consumers are guaranteed by the FDIC for bank accounts or the NCUA for credit union accounts. Deposit insurance for savings accounts covers $250, 000 per depositor, per institution, and per account ownership category. More items
Detailed explanation-4: -Savings Accounts. High-Yield Savings Accounts. Certificates of Deposit (CDs) Money Market Funds. Money Market Deposit Accounts. Treasury Bills and Notes. Bonds.
Detailed explanation-5: -Bank Fixed Deposit (FD) Public Provident Fund (PPF) National Pension Scheme (NPS) Gold. 7.75% GoI Savings Bond. Recurring Deposit (RD) National Savings Certificate (NSC) Post Office Monthly Income Scheme (POMIS) 20-Jan-2023