Answer:
The Highest interest rate you can earn on a passbook savings account is 5%
Explanation:
According to the research of 5 Financial institutions in New York the Annual Percentage Yield of a Passbook savings account goes from 1% to 5%.
Bank APY
Apple Bank for Savings 0.10
Emigrant Bank 0.40
Investors Bank 0.50
Provident Bank 0.50
Queens County Svgs Bk 0.50
Answer: Information Utility
Explanation: it helps customers to access information on their buying activity and gives them information available on their buying options
The above example of buying cheese and bread best illustrates money's function as:
D. Medium of Exchange
By exchanging currency, you were able to buy food products from the deli. This is one of the most powerful functions of money.
Hope this helps!
Kraft, General Mills, Kellogg’s
organize and store large amounts of data/information
