sofia has saved $10,000. she wants to be sure that she is earning interest on her money and can add to her…

sofia has saved $10,000. she wants to be sure that she is earning interest on her money and can add to her savings. she also wants to be able to access her money if the need should arise. which type of account is most suitable for sofias needs?\n○ a money market account\n○ a certificate of deposit\n○ a savings bond\n○ a checking account

sofia has saved $10,000. she wants to be sure that she is earning interest on her money and can add to her savings. she also wants to be able to access her money if the need should arise. which type of account is most suitable for sofias needs?\n○ a money market account\n○ a certificate of deposit\n○ a savings bond\n○ a checking account

Answer

Brief Explanations:

A money - market account typically earns interest, allows for additional deposits, and provides relatively easy access to funds. A certificate of deposit has a fixed term and early - withdrawal penalties, limiting access. A savings bond is a long - term investment with limited liquidity. A checking account usually has low or no interest.

Answer:

a money market account