ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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stockbroker
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bank or credit union
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real estate agent
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insurance agent
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Detailed explanation-1: -Money market accounts can be opened at traditional banks, online banks and credit unions. It’s a low-risk savings vehicle with higher interest rates than traditional savings accounts. You may also get the flexibility to write checks.
Detailed explanation-2: -A money market account is an interest-bearing account that you can open at banks and credit unions. They are very similar to savings accounts, but they offer some checking account features as well. Note that money market accounts are different from money market mutual funds, which are not deposit accounts.
Detailed explanation-3: -Decide What Kind of CD To Open. There are many different types of CDs, so figure out which one works best for your needs. Choose Your CD Term. A CD term indicates how long you’re expected to leave your money in the account. Select a Bank To Open CD Account. Apply for a CD Account. Fund Your CD. 17-Nov-2022
Detailed explanation-4: -Decide the right term length. Shop for the best rates. Pick a CD with a minimum deposit you can afford. Check for early withdrawal penalties. Choose the right type of CD. Find a federally insured bank or credit union. 05-Oct-2022