Question

Which type of account typically has very high liquidity, low or no interest, and low minimum balance?

Answer 1

A type of account typically having very high liquidity with low or no interest and low minimum balance is checking account. A checking account is a deposit account held at a financial institution that allows withdrawals and deposits. Checking accounts are very liquid and can be accessed using checks, automated teller machines and electronic debits, among other methods. Checking accounts typically do not offer a high interest rate and allows a low minimum balance.

Answer 2

The appropriate response to the question would be a savings account. Cash on the store in a bank, reserve funds, or credit union that can be pulled back with no notice. Sorts of funds stores incorporate passbook investment funds or currency showcase accounts.