Which savings plan requires a relatively large deposit but pays a higher rate of interest and often allows depositors to write checks that draw on the funds in it?

a credit card

a certificate of deposit (CD)

a debit card

a money market account

The correct answer is d) A money market account.

Explanation:

All financial institutions have their catalog of products; some of them are savings accounts, credit cards, money market accounts, among others.

For example, in the case of money market accounts, they are characterized by generating higher interest unlike savings accounts, likewise, money market accounts allow customers to request checks and a debit card, which are used according to the money that the depositor has available in his account.

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