Question
If you want to save money at a savings institution, you would be most interested in the _____.
a. certificate of deposit rate
b. T-bill rate
c. prime rate
d. discount rate
a. certificate of deposit rate
b. T-bill rate
c. prime rate
d. discount rate
Answers
GPT-4o mini
If you want to save money at a savings institution, you would be most interested in the **a. certificate of deposit rate**.
The certificate of deposit (CD) rate is a specific interest rate offered by banks and savings institutions for depositing money for a fixed term, making it an ideal choice for saving.
The certificate of deposit (CD) rate is a specific interest rate offered by banks and savings institutions for depositing money for a fixed term, making it an ideal choice for saving.