8
QuizMultiple Choice

Banking: How to Manage Your Money

Question 8 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

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?

Answer
A
a money market account
B
a certificate of deposit
C
a savings bond
D
a checking account
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