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

quiz\nquestion 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. what kind of account did sawyer open?\nselect a response.\nsavings account\nmoney market account (mma)\ncertificate of deposit (cd)\nchecking account

quiz\nquestion 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. what kind of account did sawyer open?\nselect a response.\nsavings account\nmoney market account (mma)\ncertificate of deposit (cd)\nchecking account

Answer

Answer:

B. Money Market Account (MMA)

Brief Explanations:

Money - market accounts often require a large initial deposit, offer relatively high - interest rates compared to regular savings accounts, and provide easy access to funds, which matches Sawyer's situation. Savings accounts usually have lower interest rates and may not require as large an initial deposit. Certificates of Deposit have fixed terms and limited access during that term. Checking accounts typically have low or no interest rates.