question 15 = multiple choice question\na deposit account that pays a high interest rate and typically…

question 15 = multiple choice question\na deposit account that pays a high interest rate and typically requires a minimum balance of $2,500 or more is called a\nmoney market account\nindividual retirement account\nchecking account\ncertificate of deposit

question 15 = multiple choice question\na deposit account that pays a high interest rate and typically requires a minimum balance of $2,500 or more is called a\nmoney market account\nindividual retirement account\nchecking account\ncertificate of deposit

Answer

Brief Explanations:

A money - market account often offers a relatively high interest rate and usually requires a minimum balance of $2,500 or more. An individual retirement account is for retirement savings, a checking account is for daily transactions with low or no interest and low minimum balance requirements usually, and a certificate of deposit has fixed - term and different features from the description given.

Answer:

A. Money market account