A comprehensive deposit account, offered primarily by brokerage houses and mutual funds is a/an:
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A. B. C. D.D
The comprehensive deposit account offered primarily by brokerage houses and mutual funds is called an Asset Management Account (AMA).
An AMA is a type of brokerage account that combines several financial products into a single investment account. This type of account allows investors to manage their cash, investments, and other financial assets in one place. The account is designed for investors who want to consolidate their finances and access a range of investment products and services.
With an AMA, investors typically have access to a range of financial products, including stocks, bonds, mutual funds, and cash management products. The account may also offer features such as check writing, debit cards, and online bill pay. The account may also offer investment advice and portfolio management services.
One of the benefits of an AMA is that it allows investors to streamline their investment management. By consolidating their accounts into a single account, investors can simplify their financial planning and reduce paperwork. Additionally, investors may be able to save on fees by consolidating their accounts.
Overall, an Asset Management Account is a comprehensive investment account offered by brokerage houses and mutual funds that allows investors to manage their cash, investments, and other financial assets in one place.