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QUESTION IMAGE

match the type of account to its description. certificate of deposit ch…

Question

match the type of account to its description. certificate of deposit choose money market account choose meant for
ainy day\ or emergency funds that you can access when you need to. gives a better interest rate based on how much you have in the account. used for daily transactions and purchases. has a term length that you choose and commit to. no withdrawals allowed without penalty checking account choose savings account choose

Explanation:

Brief Explanations

A Certificate of Deposit has a fixed - term length and early withdrawals incur penalties. A Money Market Account typically offers a better interest rate based on the account balance. A Checking Account is for daily transactions. A Savings Account is for "rainy - day" or emergency funds with easy access.

Answer:

Certificate of Deposit: Has a term length that you choose and commit to. No withdrawals allowed without penalty.
Money Market Account: Gives a better interest rate based on how much you have in the account.
Checking Account: Used for daily transactions and purchases.
Savings Account: Meant for "rainy day" or emergency funds that you can access when you need to.