tarek is saving money for cooking school. he wants to keep his money where it will earn interest, but he…

tarek is saving money for cooking school. he wants to keep his money where it will earn interest, but he also may need to use some of the savings on occasion for other things. which type of service is best for tarek? a. checking account b. certificate of deposit c. savings account d. loan

tarek is saving money for cooking school. he wants to keep his money where it will earn interest, but he also may need to use some of the savings on occasion for other things. which type of service is best for tarek? a. checking account b. certificate of deposit c. savings account d. loan

Answer

Brief Explanations:

A checking account has low or no interest. A certificate of deposit locks money for a set - time and early withdrawal has penalties. A loan is borrowing money, not saving. A savings account earns interest and allows occasional withdrawals.

Answer:

C. Savings account