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.\nwhat 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.\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) often requires a large initial deposit, offers a relatively high - interest rate, and provides easy access to funds. Savings accounts may not have as high an interest rate for easy access, CDs have fixed terms and limited access, and checking accounts typically have lower interest rates.

Answer:

B. Money Market Account (MMA)