Sofia has saved $10,000. She wants to be sure that she is earning interest on her money and can add to her savings. She also wants to be able to access her money if the need should arise.Which type of account is most suitable for Sofia’s needs?

A money market account is most suitable because it can earn interest while allowing Sofia to add money and access her funds when needed. A certificate of deposit usually restricts access for a set period, and a savings bond is not designed for convenient access. A checking account offers easy access but generally earns little or no interest.

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