All categories

4 years ago

Which type of account will typically have the highest interest rate?

Business

1 answer:

Firdavs [7]4 years ago

7 0

A certificate of deposit account will have the highest interest rate.

Further Explanation:

Interest rate:

The interest rate is the rate of interest earned on investment for a particular time period. Account refers to the investment of money made for a particular period. The investors invest in those account which provides the highest rate of return. If the investor gets a lower rate of return, he is not interested in investing the money.

Certificate of deposit:

A certificate of deposit is the type of account in which the investment has been made for a particular time period. It provides the highest interest rate. The investor invests in this type of account when he does not need the money immediately. He makes this type of investment for an extended period of time for different purposes. The investor makes this investment in case of long term funds needed for a particular purpose. For example, the marriage of the son or daughter, sometimes the investor may face the disease problem, purchase of land, purchase of the home, purchase of the car and many more purposes. As this investment provides a higher rate of interest, it will increase the amount of principal that the investor deposited.

Therefore, the certificate of deposit provides the highest interest rate.

Learn more:

1. Learn more about account

brainly.com/question/5057443

2. Learn more about the savings account

brainly.com/question/2652429

3. Learn more about bank account

brainly.com/question/3212764

Answer details:

Grade: Middle School

Subject: Business

Chapter: Money and banking

Keywords: certificate of deposit, higher interest rate, investment, investor, provides, deposited, particular time period.

You might be interested in

It’s been a crazy couple days at the car lot. Jerry, a potential customer, had been to the lot four times this week and said he

Novosadov [1.4K]

Answer:

In the clarification segment below, the definition including its concern is mentioned.

Explanation:

The following definition of a contract is:

"A purchase contract is a legitimate contract. These are meant to sell or purchase goods as well as products services again for purpose of trading a commodity or service. For a negotiated (price) compensation or sum of money received or offered to pay.

"Legally, void requires not contractual."

Voidable becomes a contract or action that is legitimate but may be canceled in the contract by either of several parties.

"A contract constitutionally binding upon the sides being valid and binding."

The following are the most important integration strategy:

Void: Verbal deal involving Jerry, a prospective buyer who planned to buy a project runway Corvette but expired of a heart condition-Void as when the deal was verbal even though there was no thought or money transfer. Besides, financial agreements and billing information have not yet been developed.
Voidable: If the boy wishes to break the deal, a contract for a young boy obtaining a Chevy besides $5000 remains voidable because he's under the age of eighteen years, he is not technically permitted to agree as well as the contract becomes voidable.
Voidable: The circumstance of a lady buying a property (car), and therefore by suggesting that she took too long to make a choice, you forced her to start making decisions. She sells the car and advises you that she has psychosis become voidable if you have influenced her and therefore can sign court papers, although, in this situation, the seller manipulated her to make those decisions and therefore can argue that the seller forced her.

7 0

3 years ago

How should a loss contingency that is reasonably possible and for which the amount can be reasonably estimated be reported

guajiro [1.7K]

Answer:

as a footnote in financial statements or on the balance sheet

Explanation:

A loss contingency can be defined as the situation or occurrence in which there is uncertainty about an entity but that will be resolved when a/some future situation occurs or not.

Simply put, a loss contingency can be said to be loss of an entity that can be resolved later in future by the occurrence or not of an event.

When a loss can be reasonably estimated as seen from the question, it should be written as a footnote on a financial statement or on a balance sheet.

cheers.

5 0

3 years ago

Goldtone is a multinational communications and information technology corporation. Its principal products are mobile telephones

Maksim231197 [3]

The answer that fits the given blank above is the term CROWDSOURCING. When we say crowdsourcing, this is the process or the ability to obtain or gather information that would be later used for a certain project or task. This involves a large number of people and typically asking their preferences and opinions.

5 0

3 years ago

Example of a debt-funding source?

lorasvet [3.4K]

Can i help you plese

4 0

3 years ago

Need on this please

Anastaziya [24]

Answer:

Explanation:

America has an absolute advantage in selling everything, a comparative advantage in selling mobile phones, a comparative advantage in selling tablets in Brazil

so we choose D

5 0

2 years ago