An investor wants to set aside some money but also wants to have easy access to it without penalty. the investor is not concerne

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An investor wants to set aside some money but also wants to have easy access to it without penalty. the investor is not concerne

d with earning a large amount of interest. which investment best meets this investor's needs? certificate of deposit government bond shares of stock traditional savings account

Social Studies

1 answer:

Tasya [4] · Answer 1 · 2023-08-17T07:26:35+03:00

An investment which best meet this investor's needs is a: D. traditional savings account.

<h3>What is a certificate of deposit (CD)?</h3>

A certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account that is issued by a financial institution (bank) to its customers, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.

<h3>What is a traditional savings account?</h3>

A traditional savings account can be defined as a basic type of bank account which avails an accountholder with an opportunity to deposit money and withdraw his or her money with very little interest accrued, but without paying a financial penalty.

In this context, we can reasonably infer and logically deduce that an investment which best meet this investor's needs is a: D. traditional savings account.

Read more on traditional savings account here: brainly.com/question/28202522

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