Kaykaylamracw Kaykaylamracw

07-12-2016
Business

Answered

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

Asimple savings account
BCertificate of Deposit (CD)
CChecking account
Dall of the above

Verified Answer :

Greenleafable Greenleafable

10-12-2016

BCertificate of Deposit (CD) is the savings vehicle which usually requires a high minimum balance.
A CD is a certificate issued by a bank to a person depositing money for a specified length of time at a specified rate of interest.

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