Question

identify the following bank account. this account offers a good interest rate, but tends to require a certain minimum deposit. usually, this account becomes mature in a matter of several months. you can withdraw money from this account before it becomes mature without penalty, but there is a limit to how frequently you can withdraw it. a. savings account b. online savings account c. money market account d. certificate of deposit

Explanation:

Savings accounts typically offer interest, may have a minimum - deposit requirement, and have withdrawal limitations. Online savings accounts are a type of savings account but the description doesn't specifically point to it being online. Certificates of Deposit (CDs) usually have a fixed term and early - withdrawal penalties. Money market accounts often offer competitive interest rates, require a minimum deposit, and have limits on the frequency of withdrawals.

Answer:

c. Money market account