Answer:
The answer is B) Certificate of Deposit (which can also be called CD.
Explanation:
In a certificate of deposit, you pick a length of time, called a term, for the bank to hold onto your money. Typically, the longer your CD term, the higher your interest rate.
Putting money in CD means you have less access to it than you would with a checking or savings account. You must keep the money in the CD for the entire term or you will have to pay a penalty. With a longer term CD’s, make sure you don’t need this money in the short-term. That way, you won’t have to worry about early withdrawal penalties.
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