Ask Question
15 October, 19:39

What type of bank has a low liquidity

+5
Answers (1)
  1. 15 October, 20:26
    0
    First we must consider the definition of "liquidity." Liquidity means that you can quickly withdraw money from the account-with this in mind, the answer becomes clear. Checking accounts, Savings accounts, and money market accounts can all be withdrawn from easily. Thus, they have high liquidity. However, a certificate of deposit (CD for short) does not. A CD requires that you put in your money for a set amount of time, for example 5 years. You cannot withdraw it until the 5 years is up. Low liquidity. Therefore the answer is Certificate of deposit
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What type of bank has a low liquidity ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers