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Jen just put her money in a bank account. She is not able to access her money for six months without paying a fee because she put her money in a _____.

checking account
savings account
money market account
certificate of deposit

User Yi Zhao
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2 Answers

5 votes
Certificate of deposit

User Noobug
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Answer:

Jen just put her money in a bank account. She is not able to access her money for six months without paying a fee because she put her money in a certificate of deposit.

Explanation:

A certificate of deposit or a CD is a specific amount of money deposited into an account for a specific amount of time. They can help someone save more and they often have higher interest rates. You can withdraw money early from a CD, but you will accrue a fee.

User DeadlyJesus
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