quiz question 5 of 6 keira is new to earning money and saving. she doesnt have a lot of money to open an…

quiz question 5 of 6 keira is new to earning money and saving. she doesnt have a lot of money to open an account. which savings option would be best for her? select a response. savings account money market account (mma) certificate of deposit (cd) checking account

quiz question 5 of 6 keira is new to earning money and saving. she doesnt have a lot of money to open an account. which savings option would be best for her? select a response. savings account money market account (mma) certificate of deposit (cd) checking account

Answer

Brief Explanations:

Savings accounts typically have low - minimum deposit requirements, making them accessible for those with limited funds like Keira. Money market accounts usually require higher minimum balances, CDs have fixed - term commitments, and checking accounts are mainly for day - to - day transactions rather than long - term savings.

Answer:

A. Savings Account