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Which three factors the amount of interest you earn on money in your savings account will depend?



A. The interest rate, how often you make deposits, and how the financial institution invests your money.
B. The interest rate, how long you keep the money in your account, and how the financial institution pays the interest.
C. The prime rate, your credit rating, and how you make the deposits (cash, check, or direct deposit).

This question is part of Hands On Banking
Asked by Firstnoel, Last updated: May 19, 2020

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1 Answer

John Smith

John Smith

Answered Jan 11, 2017

The interest rate, how long you keep the money in your account, and how the financia institution pays the interest.
 

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