Question

question 3 of 3
keira is new to earning money and saving. she doesnt have a lot of money
to open an account. which savings option would be best for her?

savings account

money market account (mma)

certificate of deposit (cd)

checking account

Explanation:

Keira is new to saving and has little money to open an account. A Savings Account typically has low or no minimum balance requirements, making it accessible for those with limited funds. Money Market Accounts (MMA) often require higher minimum balances, Certificates of Deposit (CD) require a fixed deposit for a term (and often a minimum amount), and Checking Accounts are for daily transactions rather than savings. So a Savings Account is the best option.

Answer:

A. Savings Account