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juanmen7 juanmen7
  • 11-05-2016
  • Computers and Technology
Answered

Which of the following savings vehicles usually requires a high minimum balance

Verified Answer :

taskmasters
taskmasters taskmasters
  • 17-05-2016

A Savings Vehicle is an effective way to hold your savings. It could be a savings account. But some requires a high minimum balance such as Certificate of Deposit (CD). It is generally issued by commercial banks.  It is a time deposit too and restricts you from withdrawing funds.

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