Which type of account typically has very high liquidity, low or no interest, and low minimum balance?
a.Checking Account
b.BMoney Market Account
c.CCertificate of Deposit (CD)
D.DInvestment Retirement Account (IRA)
I would say that it is a CHECKING ACCOUNT. The answer for this would be option A. This type of account can be accessed anytime which makes its liquidity very high, but on the other side, this has very low interest and the minimum balance required is also low. Hope this helps.
