Rank the different types of bank accounts according to their liquidity.
1 answer:
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)
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