An insured account requiring a minimum balance that draws interest at a higher percentage than a regular savings account is called a __________ account.
A) money market savings
B) individual retirement
C) checking
D) business savings

Question

Quizplus · Accepted Answer

A money market savings account is insured and requires a minimum balance, which usually draws interest at a higher rate than regular accounts.

An Insured Account Requiring a Minimum Balance That Draws Interest