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17 July, 23:33

Which of the following is a type of savings vehicle? A. Certificate of Deposit

B. Money Market Account

C. Checking Account

D. Both A & B

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Answers (1)
  1. 18 July, 02:46
    0
    A is the correct answer. A Certificate of Deposit is a savings vehicle that offers a particular, fixed date of maturity for someone, with high interest rates as a result of this fixed term - they cannot remove the money early without incurring a loss of potential earnings.
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