Why do certificates of deposit tend to offer better interest rates than money market accounts?
a.
Certificates of deposit involve a longer time commitment than money market accounts, so they carry a greater return.
b.
Certificates of deposit are only available to the bank's most proven and valuable customers, so the bank can afford to give a greater interest rate on them.
c.
They do not offer a better interest rate. Money market accounts tend to have the best interest rates of any bank deposit.
d.
Money market accounts invest your money but sometimes lose some of it, so the lower interest rate pays for the difference.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Why do certificates of deposit tend to offer better interest rates than money market accounts? a. Certificates of deposit involve a longer ...” in 📙 Mathematics 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
Given the function f (x) = 2|x + 6| - 4, for what values of x is f (x) = 6? x = - 1, x = 11 x = - 1, x = - 11 x = 14, x = - 26 x = 26, x = - 14
Answers (2)
If they plant 3 bushes that need to be 3 feet apart and 3 feet away from the fence around the yard we have space
Answers (1)
A car seller buys a car form a manufacturer for $10,000. He increases the cost by 5 percent. what is the markup amount?
Answers (1)
A. Describe two ways to find product 4.2 (6 + 0.43) b. What property of multiplication does your answer to part A illustrate?
Answers (1)
Six students are working on math. two-thirds of them are working on fractions. how many students are working on fractions?
Answers (1)
New Questions in Mathematics
What is the difference between y=[x] and y=[x-2]
Answers (1)
The romar s are building a new home. one of the bedroom closets has and area of 36 square feet and a perimeter of 26 feet. what are the lenght and width of the closet usin whole numbers?
Answers (1)
1. 7,9,11,13 A arithmetic B geometric C both D neither 2. 2,1, 1/2 1/4 A arithmetic B geometric C both D neither 3.
Answers (1)
In which example are the events independent? A) Ariel has a standard deck of 52 cards. She draws one card from the deck and then replaces it. She then draws a second card from the deck.
Answers (1)
In a tournament team A won 7 less games than Team B, and Team B won exactly three times as many games as team C. If If Team C won g games, how many games did Team A win?
Answers (1)