Question

in which situation would a certificate of deposit (cd) be the best banking choice?
o samuel is setting money aside but still needs emergency access to it.
o hafsa wants a guaranteed return, and wont need the money for several years.
o darren is looking for an investment that has a very high interest rate.
o raj is looking for an investment with a fast return so he can reinvest.

Explanation:

A certificate of deposit (CD) is a time - deposit with a fixed interest rate and term. It offers a guaranteed return but has penalties for early withdrawal. So it's best for those who don't need the money for a set period.

Answer:

B. Hafsa wants a guaranteed return, and won't need the money for several years.