Business Middle School

A savings account that pays interest every month is said to have a _______ interest period.

Answers

Answer 1
A savings account that pays interest every month is said to have a quarterly interest period.
Answer 2

A savings account that pays interest every month is said to have a Quarterly interest period.

The term "interest period" refers to either the duration for which an interest rate is set or the time frame for which interest is due. It could be every quarter, every month, every half-year, or even every year.Quarterly is one-fourth of a year (3 months).

Do savings accounts pay interest monthly?With most savings accounts and money market accounts, you'll earn interest every day, but interest is typically paid to the account monthly.

How does interest on savings account work?When you earn interest in a savings account, the bank is literally paying you money to keep your cash deposited there. Savings accounts earn compound interest, which means the interest you earn in one period gets deposited into your account, and then in the next period, you earn interest on that interest.

How much interest does a savings account earn?The average savings account earns an annual percentage yield of around 0.06%, while high-yield accounts currently earn around 0.5% APY. Although it's not as much as they have previously earned, it's still better than nothing.

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Related Questions

Which were important characteristics of Sparta's government? Select the two correct answers.
A. Oligarchs were able to hold a lot of power in government.
B. Citizens were able to hold a large amount of power in government.
C. Ephors were prohibited from participating in the government.
D. Religious leaders were the most powerful in the government.
E. Sparta's government was a combination of a monarchy, a democracy, and an oligarchy.

Answers

The answer to your question would be A and E.

A and E would be the answer, hope rbis helped!

Does the United States’ labor supply tend to be more elastic or more inelastic? Explain the competing theories discussed in our textbook. Which seems more convincing to you? Explain your answer.

Answers

Answer:

The labor market operates in the US and other free-market systems according to the laws of supply and demand. Workers or laborers offer their time to the marketplace for a price. Business firms have a demand for labor of various kinds at various prices.

Explanation:

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