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Which example is a common type of savings plan?

a) a mutual friend
b) a company stock
c) a government bond
d) a certificate of deposit

2 Answers

1 vote

Answer:

D

Step-by-step explanation:

It said it was D for me

User Leonid Shevtsov
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Correct answer:

d) a certificate of deposit

A mutual fund (not a mutual "friend") is a fund that combines various stocks holdings in the stock market into a single account, thus spreading out the types of stock shares held.

A company stock is also a stock market investment.

A government bond is essentially loaning money to the government for which they pay you interest.

A certificate of deposit is issued by a bank to a bank customer. The money deposited is placed into an account for a specified length of time at a guaranteed rate of interest.

User Gwendall
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