Final answer:
A certificate of deposit is best suited for keeping money safe while earning some interest but is not ideal for retirement savings or making a large profit, nor does it reduce taxable income. The correct answer is option c.
Step-by-step explanation:
The goal most likely to be met with a certificate of deposit (CD) is keeping money safe while earning some interest. CDs are financial assets that involve depositing a certain amount of money in a bank for a fixed period of time, often ranging from a few months to several years. By doing so, the bank agrees to pay a higher interest rate compared to a regular savings account.
However, they generally do not yield high enough returns for goals such as saving enough for retirement or making a large profit. Additionally, CDs do not directly reduce taxable income; though, the interest earned may be taxed at a different rate depending on one's overall financial situation.