Question

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

ACertificate of Deposit (CD)
BChecking Account
CMoney Market Account
DInvestment Retirement Account (IRA)

Answer 1

The answer to this question is (B) Checking Account
Checking account is a bank account that can be withdrawn by legitimate depositors anytime they want.
Banks usually put low restrictions in checking account withdrawal and usually only require a small amount as bank service fees when the withdrawal is made