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Olive wants a good interest rate, and she doesn't need her money for six months to a year. Which of these options for saving money is best for her? A. Basic savings account B. Money market account C. Certificate of deposit D. Savings bond Mathematics

User NewSites
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2 Answers

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umm... c. Certificate of deposit
User Eric Reboisson
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Answer: c. Certificate of deposit.


Step-by-step explanation: As Oliva wants a good rate of interest, so option A and option D will not serve the purpose because savings account offers a small interest rate monthly. Option B will not also be not in the queue because Oliva doesn't need her money from six months to a year and so she can deposit her money for a fixed period of time. Thus, the best choice is to get a certificate of deposit which offers a fixed interest date and has a fixed maturity date.

Thus, the correct option is C. Certificate of deposit.


User Asieh Mokarian
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