Which type of account is most suitable for sofia's needs

Asked by maham237 @ in Business viewed by 280 People

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
a certificate of deposit
a savings bond
a savings account

Answered by maham237 @


The type of account that is most suitable to Sofia’s needs is a market money account. MMA or also known as the Money Market Account is considered to be a type of savings account in which the minimum balance and deposit are considered to be higher than of the minimum balance and that compared to basic savings, it earns a higher amount of interest.


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