Accountancy, asked by kadamsairaj761, 3 days ago

Payment of interest on loan from Financial institutions is​

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Answered by s15617ddeepali18631
1

Answer:

When you go to a bank to open an account, you will find each kind of deposit account comes with a different interest rate, depending on the bank and account. The Federal Deposit Insurance Corporation (FDIC) reports that the type of accounts that usually earn the highest interest rates are money market accounts, traditional savings accounts, and finally certificates of deposit (CDs).

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