Question:
Another name for a regular savings account is a:
A. Certificate of deposit
B. Checking account
C. Money market account
D. Money market fund
E. Passbook or statement account
Financial Institutions:
Financial institutions such as banks, credit unions, insurance companies, investment banks, etc provide a wide variety of options to customers who wish to save their money in the form of investments with returns. They help small, medium, and large-scale industries to set up a base by lending them financial services.
Answer and Explanation:1
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Correct answer: Option E) Passbook or statement account.
Explanation:
A regular savings account is the one that is opened in a bank by the customer...
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