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Harrizon [31]
2 years ago
9

Rank the different types of bank accounts according to their liquidity.

SAT
1 answer:
Finger [1]2 years ago
5 0

The Rank of the different types of bank accounts according to their liquidity from Highest liquidity to Lowest liquidity are:

  • Checking Account
  • Savings Account
  • Certificate of Deposit (CD)

<h3>What liquidity means in business?</h3>

Liquidity is known to be a company's ability to be able to raise cash if it is said to be in dine need of  it.

Hence, The Rank of the different types of bank accounts according to their liquidity from Highest liquidity to Lowest liquidity are:

  • Checking Account
  • Savings Account
  • Certificate of Deposit (CD)

Learn more about liquidity from

brainly.com/question/921670

#SPJ1

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explain why the percentage of people with $300,000 or more increases so substantially across the age groups.
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The percentage of people with $300,000 or more increases so substantially across the age groups because older individuals have an edge when it comes to accumulating wealth.

<h3>What are the age groups?</h3>

Simply put, older folks have more money because:

1. They have worked for longer periods of time and are thus anticipated to earn higher incomes and hold higher positions.

2. They have had more time to save and invest their money.

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