Question

Nadine just turned 21 years old and will soon begin her junior year of college in the fall. Money that she is saving for which of these purposes is not good to put in a certificate of deposit? A. A trip during spring break of her senior year B. Gas for her car C. Tuition for a master's degree program D. Books for her senior thesis

Answer 1

Gas for her car.

Step-by-step explanation:

She needs it frequently. She won't need the others for at least a year.

Answer 2

In order to receive a certificate of deposit, the bank would allow you to invest for a period of time. Thus, you should deposit for long term goals so the money you're saving for them will grow with time. Among these choices, she can't deposit for the gas because she uses this frequently.