Answered

Which statement best compares savings accounts and money market
accounts?
(1 point)
A regular savings account has fewer restrictions on withdrawals than a
money market account but at a lower interest rate.
A regular savings account has fewer restrictions on withdrawals than a
money market account but at a higher interest rate.
A money market account has fewer restrictions on withdrawals than a
regular savings account but at a lower interest rate.
A money market account allows for more withdrawals than a regular
savings account but at a higher interest rate.



Answer :

GinnyAnswer

Final answer:

Savings accounts have fewer withdrawal restrictions than a money market account, but typically offer lower interest rates. Money market accounts offer higher interest rates but have more withdrawal restrictions.


Explanation:

In terms of savings accounts and money market accounts, a key difference lies in the restrictions on withdrawals and interest rates. While a regular savings account typically has fewer restrictions on withdrawals than a money market account, it also tends to offer lower interest rates. On the other hand, money market accounts usually have higher interest rates but come with more restrictions on withdrawals.


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