Multiple Choice
Kimberly has opened an account in Northwater City Bank. She receives a 3.5 percent interest rate on the money she deposits in her account. She does not use the funds from the account to meet her minor expenditures but only uses them when there is any major expenditure. In the context of this scenario, which of the following kinds of bank accounts does Kimberly hold?
A) A concentration account
B) A basic checking account
C) A fixed deposit account
D) A savings account
Correct Answer:
Verified
Correct Answer:
Verified
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