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ad-work [718]
2 years ago
14

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

Business
2 answers:
Aliun [14]2 years ago
8 0

Answer: Checking Accounts

Explanation:

The following are some type of accounts,

a). <em>Checking Account</em>- It gives the depositor the lowest level of interest and has a very high liquidity. This account has no or low minimum balance.

b). <em>Savings Account</em>- This has a low interest but gives the flexibility to the depositor to withdraw the money at anytime.

c). <em>Money market account</em>- This account type has a higher interest than any saving or checking account with some minimum balance requirements.

d). <em>CD's (Certificate of Deposits)</em>- This account type has the highest interest at the cost of locking up your funds for a certain period.

Therefore, Checking account is the correct option which has all the features low liquidity, low interest and low minimum balance.

sdas [7]2 years ago
6 0
<span><span>Checking accounts: best for unrestricted access to funds; typically worst for earning interest.
</span><span>
Savings accounts: good for earning some interest with quick access to funds.
</span><span>
Money market accounts: can have higher interest than savings accounts, plus some check-writing and ATM access.
</span><span>
Certificates of deposit (CDs): highest interest rates in exchange for most-limited access to funds</span></span>
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Bond A has a higher coupon rate than market thus, investor will accept to purchase the bond for a higher price until the YTM of this bond equals the market rate

Bond B is the opposite, is paying lower thus, will we purchase for less.

As times passes both will get their market value closer to the face value of the bond because, at maturity the bond will pay 1,000.

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3 years ago
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Correct option is A.

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3 years ago
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