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Jorge has $300 for work he performed. He expects to spend the money in the next few weeks to buy a new bike. Which type of account will be best for Jorge?
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2 votes
Jorge has $300 for work he performed. He expects to spend the money in the next few weeks to buy a new bike. Which type of account will be best for Jorge?

User Soham Krishna Paul
by
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1 Answer

5 votes
Certification of Deposit (CD ) pays the same interest as Savings Account. And Money Market Account has higher interest rate. Checking account pays little or no interest. So for Jorge is the best option to use:
B ) Money Market Account.

User Rrazd
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8.3k points
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