an account in which a customer deposits money for a set period of time in return for a fixed rate is called…

an account in which a customer deposits money for a set period of time in return for a fixed rate is called a:\na. certificate of deposit.\nb. debit card.\nc. checking account.\nd. money market account.

an account in which a customer deposits money for a set period of time in return for a fixed rate is called a:\na. certificate of deposit.\nb. debit card.\nc. checking account.\nd. money market account.

Answer

Brief Explanations:

A certificate of deposit (CD) is a financial product where a customer deposits money for a specific term and receives a fixed - interest rate. A debit card is used for making purchases and accessing checking account funds. A checking account is for daily transactions. A money market account is a type of savings account with some check - writing privileges.

Answer:

A. certificate of deposit