Jenny wants to open a savings account to begin saving to buy a house. which institution will most likely provide her with the best deposit interest rate? a) bank b) credit union c) brokerage firm d) electronic money institution

The correct answer for: Jenny wants to open a savings account to begin saving to buy a house. Which institution will most likely provide her with the best deposit interest rate? Is: B) credit union

Explanation:

To understand the answer we have to analyze the options. First of all, any bank would provide her a place to save her money without any dividend or interest. So she could save there, but is not the best option. A brokerage firm would invest her money and it could grow or decrease, so is not a good option. An electronic money institution could help her move her money from one bank to another, so it's not the best option. However, a credit union would receive her money to save it and provide her a small interest or none, depending on their deal. However, credit unions also offer financial services like mortgages and credits.

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