in which situation would a certificate of deposit (cd) be the best banking choice?\no samuel is setting…

in which situation would a certificate of deposit (cd) be the best banking choice?\no samuel is setting money aside but still needs emergency access to it.\no hafsa wants a guaranteed return, and won’t need the money for several years.\no darren is looking for an investment that has a very high interest rate.\no raj is looking for an investment with a fast return so he can reinvest.

in which situation would a certificate of deposit (cd) be the best banking choice?\no samuel is setting money aside but still needs emergency access to it.\no hafsa wants a guaranteed return, and won’t need the money for several years.\no darren is looking for an investment that has a very high interest rate.\no raj is looking for an investment with a fast return so he can reinvest.

Answer

Brief Explanations:

A certificate of deposit (CD) is a time - deposit with a fixed interest rate and term. It's not liquid as early withdrawal usually incurs a penalty. It offers a guaranteed return. So, it's best for someone who doesn't need the money for a set period.

Answer:

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