Multiple Choice
A higher rate of return would result from a savings account that had which of the following compounding frequencies?
A) Daily
B) Weekly
C) Biweekly
D) Monthly
E) Yearly
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q74: The Federal Deposit Insurance Corporation insures savings
Q75: What is the rate that banks charge
Q76: In recent years,membership in credit unions has:<br>A)become
Q77: Which one of the following will help
Q78: Which one of the following will help
Q80: Demand deposits are another term for:<br>A)savings accounts.<br>B)savings
Q81: Which of the following institutions makes loans
Q82: The more frequently the compounding occurs,the less
Q83: A regular savings account at a credit
Q84: Comparison of earnings for different savings plans