Business High School

Match the personal accounts to their categories.
checking accounts
time deposit account
certificate of deposit
account
money market account
transaction accounts
Deposit Account
Savings Account

Answers

Answer 1

A personal bank account is one that is opened in order to receive, save, and expend funds for personal purposes. There are different types of Personal Bank Accounts. They are:

Checking Account

A checking account is a very liquid account kept for the purpose of keeping and withdrawing cash deposits at a financial institution such as a bank.

Transaction Accounts

A transactional account is also called a checking account in some cases. As the name implies, it is used for transactions starting from when one recieves their salary, then for payment of bills after which the balance is moved to a saving account.

Time Deposit Account

This is an account that bears interest where money is fixed for some time in exchange for an above-average interest on such money. An example is a certificate of deposit.

Money Market Account

It is an account that yields interest but one that is typical to credit unions. It is a hybrid account because it has features of the checking account and the savings account. One of such features is that it offers a higher interest rate than traditional savings or checking accounts.

Deposit Account

This is the same thing as a regular Savings Account. Traditionally, it comes with a guaranteed interest rate valid on specified dates.

Learn more about Personal Bank Account at the link below:

https://brainly.com/question/24751568

Answer 2

Answer:

Explanation:

Deposit account                 Savings account

Checkings account             Time deposit accounts

Transaction account           Certificate of deposit

                                             Money Market account

Related Questions

what are some good outdoor thing to do outside for the summer
list as many as can

Answers

Answer:

biking

swimming

walking

learning something new

being with friends

sports

hiking

going on a trip

making something

Other Questions
One type of structural clay tile that is mainly used for decorative effects is?? What is the scale factor from ABC to DEF PLSSS HELP ASAP!!!!!!!! The main reason why this type of model would be developed is that an animal cellA. is too large to be observed directlyB. is too small to be observed directlyC. moves too quickly to observe directlyD. poses too much risk to observe directly 18. Which of the following is a liquid preparation that always contains one or more soluble chemical ingredients?O A. SolutionB. TinctureC. ElixirD. Syrup Please help me!! Threadless (Strategy Highlight 5.2.) is a community-centered online apparel store that leverages user-generated content. The idea is to turn consumers into prosumers, a hybrid between producers and consumers. Members of the Threadless community do most of the work, which they consider fun: They submit T-shirt designs online, and community members vote on which designs they like best. The designs receiving the most votes are put in production, printed, and sold online. It can be said that Threadless uses the _____ technique. I need help. This is due later today~ In"are there drawbacks to digital learning "? How do the details on the third paragraph contribute to the development of the selection? Copper SunWhich elements are purely fictional? HOW TO ANSWER THIS QUESTION PLEASE According to Newtons second law of motion, weight depends on an objects mass and the net force acting on the object. True or false Solve the right triangle. Round your answers to the nearest tenth. What is the total number of digits required in numbering a book that has 1724 pages? A washer and a dryer cost $766 combined. The washer costs $66 more than the dryer. What is the cost of the dryer? a = 4, n = 8, y = 2, x = 10 Evaluate the algebraic expression x + 3y - n. 6 8 12 D 24 Given f(x)=x^25x and g(x)=2x+1, find (f+g)(3). Why is it difficult for India to protect its forests? Hey so to anyone doing edge for virtual school: is it okay to answer questions on Brainly? I use cropped screenshots from the website to prove that my answer is right, and it just occurred to me that I could be violating copyright. Also, could I get in trouble for answering questions on Brainly by my school or district? Please answer quickly because I'm kind of worried and don't want to cause trouble over something so minor. PLEASE HELP !! ILL GIVE 40 POINTS ; PLUS BRAINLIEST !! DONT SKIP ANSWER. On January 1, 2022, The Eighties Shop has 100,000 shares of common stock outstanding. The Eighties Shop incurred the following transactions in 2022. March 1 Issues 53,000 additional shares of $1 par value common stock for $50 per share. May 10 Purchases 4,800 shares of treasury stock for $53 per share. June 1 Declares a cash dividend of $1.40 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,400 shares of treasury stock purchased on May 10 for $58 per share.Required:Record each of these transactions.