Question
what is the name of a savings account that offers higher interest rates, but in which a person's money must stay deposited for a specific amount of time?
A. CD
B. money market account
C. savings account
A. CD
B. money market account
C. savings account
Answers
GPT-4o mini
A. CD (Certificate of Deposit)
A CD is a type of savings account that offers higher interest rates in exchange for the commitment to keep the money deposited for a specific amount of time.
A CD is a type of savings account that offers higher interest rates in exchange for the commitment to keep the money deposited for a specific amount of time.