question 6 of 6\nsawyer just got his learners permit and cant wait to buy his first car. he received a large…

question 6 of 6\nsawyer just got his learners permit and cant wait to buy his first car. he received a large sum of money for his birthday and put it in an account to help it grow. he opened an account that required a large initial deposit, but that pays a high interest rate and allows him easy access to his money.\nwhat kind of account did sawyer open?\nselect a response.\nsavings account\nmoney market account (mma)\ncertificate of deposit (cd)\nchecking account

question 6 of 6\nsawyer just got his learners permit and cant wait to buy his first car. he received a large sum of money for his birthday and put it in an account to help it grow. he opened an account that required a large initial deposit, but that pays a high interest rate and allows him easy access to his money.\nwhat kind of account did sawyer open?\nselect a response.\nsavings account\nmoney market account (mma)\ncertificate of deposit (cd)\nchecking account

Answer

Brief Explanations:

A money - market account (MMA) typically requires a large initial deposit, offers a relatively high - interest rate compared to regular savings accounts, and also allows for easy access to funds. Savings accounts usually have lower interest rates and don't always require a large initial deposit. Certificates of Deposit (CDs) have fixed terms and early withdrawal penalties, limiting access. Checking accounts have low or no interest rates.

Answer:

B. Money Market Account (MMA)