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Which of these options for saving money typically offers the most liquidity?

A. A savings bond
B. A money market account
C. A certificate of deposit
D. A basic savings account

Answer :

W0lf93
Which of these options for saving money typically offers the most liquidity? A basic savings account. Liquidity refers to the funds a market or company has by turning assets into cash. Companies can also have high liquidity if the market and their products within are doing well. Someone who has a basic savings account also has the highest form (of the given choices) to turn the funds into cash quickly because there are no stipulations on when the funds are able to be withdrawn.
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Out of the choices provided above, it can be inferred that a basic savings account is the only option for saving money that typically offers the most liquidity. Therefore, the option D holds true.

What is the significance of a savings account?

A basic savings account can be referred to or considered as a bank account that is offered as a service by a commercial bank to its customers for safekeeping of their funds. Banks also offer a certain amount of interest periodically for the amount kept in the savings account.

The liquidity of a basic savings account can be termed as the highest among the choices given above because the bank withdrawals of such deposits are easy and on-demand. Usually, there are no charges for withdrawal of deposits, and the amount in savings account is real cash.

Therefore, the option D holds true and states regarding the significance of a basic savings account.

Learn more about a savings account here:

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