question 31 points 2 passbook accounts have been replaced with ___ in many financial institutions…

question 31 points 2 passbook accounts have been replaced with ___ in many financial institutions. traditional savings accounts cds mutual funds bonds

question 31 points 2 passbook accounts have been replaced with ___ in many financial institutions. traditional savings accounts cds mutual funds bonds

Answer

Brief Explanations:

Passbook accounts are often replaced by traditional savings accounts in financial institutions. Traditional savings accounts offer similar basic savings - related functions and are more modern in terms of record - keeping and access methods. CDs are time - deposits, mutual funds are investment vehicles pooling money from many investors, and bonds are debt securities.

Answer:

A. traditional savings accounts