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A higher level of interest income can be received if a savings account offers a promotional rate.

True False

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A higher level of interest income can be received if a savings account offers a promotional rate.

True False

Answer

True.
One would get the regular stated interest rate plus the additional promotional rate.
Thus one would recieve a higher income via the savings rate.

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 19 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 84 views.

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