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QUESTION IMAGE

money market account certificate of deposit previous has a term length …

Question

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

Explanation:

Response

To solve this, we match each account with its description:

Money Market Account:
  • "Meant for 'rainy day' or emergency funds..." (accessible for emergencies)
  • "Gives a better interest rate..." (earns good interest on balance)
Certificate of Deposit (CD):
  • "Has a term length that you choose and commit to..." (fixed term, no penalty-free withdrawals)
Matching:
  • Money Market Account:
  • Meant for "rainy day" or emergency funds...
  • Gives a better interest rate...
  • Certificate of Deposit:
  • Has a term length...

(Note: The "Used for daily transactions" likely matches a checking account, not these two.)

Final matches (for the two accounts):

  • Money Market Account: "Meant for 'rainy day'...", "Gives a better interest rate..."
  • Certificate of Deposit: "Has a term length..."

Answer:

To solve this, we match each account with its description:

Money Market Account:
  • "Meant for 'rainy day' or emergency funds..." (accessible for emergencies)
  • "Gives a better interest rate..." (earns good interest on balance)
Certificate of Deposit (CD):
  • "Has a term length that you choose and commit to..." (fixed term, no penalty-free withdrawals)
Matching:
  • Money Market Account:
  • Meant for "rainy day" or emergency funds...
  • Gives a better interest rate...
  • Certificate of Deposit:
  • Has a term length...

(Note: The "Used for daily transactions" likely matches a checking account, not these two.)

Final matches (for the two accounts):

  • Money Market Account: "Meant for 'rainy day'...", "Gives a better interest rate..."
  • Certificate of Deposit: "Has a term length..."