Alfred received a bonus and didn't need it for at least a year, so he wanted to put in somewhere where it would earn more interest than a savings account. What is thebest option for Alfred?
A) checking account
B) demand deposit
C) NOW account
D) money market account
E) certificate of deposit

Question

Quizplus · Accepted Answer

A certificate of deposit (CD) typically offers higher interest rates than savings accounts, especially for funds that can be left untouched for a set period, making it a suitable option for Alfred.

Alfred Received a Bonus and Didn't Need It for at Least