Ask Question
BusinessBusiness
27 September, 01:53

Connie Shockey wants to put funds in an account that does not offer checking privileges because she has a tendency to overspend. Which of the following would fit her criteria?

a. NOW accountb. A DDA with overdraft protectionc. money market mutual fundd. money market deposit accounte. certificate of deposit

+2
Answers (1)
  1. 27 September, 04:22
    0
    certificate of deposit.

    Explanation:

    A certificate of deposit is one that funds are deposited for a fixed period of time at a particular interest rate. Usually interest rate is determined by the amount being deposited.

    Premature liquidation of the certificate of deposit attracts penalty.

    This will be the ideal account for Connie Shockey since she does not want an account she can easily withdraw from.

    The penalty charged on premature liquidation will serve as a deterrent of she wants to withdraw.

    Certificate of deposit is a stable high yield form of investment that will give Connie good returns.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Connie Shockey wants to put funds in an account that does not offer checking privileges because she has a tendency to overspend. Which of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A public franchise A. is a corporation that is owned by stockholders. B. is an unregulated monopoly necessary for the public good. C. results from ownership of a key raw material. D.
Answers (1)
According to Lucas and Sargent, workers and firms have rational expectations, and therefore if the Fed pursues a contractionarya contractionary monetary policy:
Answers (1)
In computing depreciation, salvage value isa. the fair market value of a plant asset on the date of acquisition. b. subtracted from accumulated depreciation to determine the plant asset'sdepreciable cost. c.
Answers (1)
Adjusting the accounts is the process of
Answers (1)
When a firm purchases supplies for its business: the supplies account should always be debited. the supplies expense account should always be debited. either the supplies account or the supplies expense account should be credited.
Answers (1)
New Questions in Business
In year 1 the CPI is 140, and in year 2 the CPI is 154. From year 1 to year 2, Maria's salary rises from $43,000 to $48,000, and Daisy's salary rises from $65,000 to $70,000. Who is "more than keeping up with inflation"?
Answers (2)
Under a perpetual inventory system: a) purchases on account are debited to Purchases. b) purchase returns are debited to Purchase Returns and Allowances. c) freight costs are debited to Freight-Out. d) purchases on account are debited to Inventory.
Answers (1)
Prepare various types of budgets
Answers (1)
On October 1, 20X3, Green Corporation paid $450,000 for all of Yellow Company's outstanding common stock.
Answers (1)
What is the lowest level of the permanent party organization in texas?
Answers (1)
Home » Business » Connie Shockey wants to put funds in an account that does not offer checking privileges because she has a tendency to overspend. Which of the following would fit her criteria? a. NOW accountb. A DDA with overdraft protectionc.
Sign Up Forgot Password?