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 mon

Question

Colt1911 [192]

3 years ago

7

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 mon

ey is best for her? A. Basic savings account B. Money market account C. Certificate of deposit D. Savings bond Mathematics

Mathematics

2 answers:

lawyer [7] · Answer 1 · 2022-04-06T03:58:30+03:00

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.

defon · Answer 2 · 2022-04-06T02:40:43+03:00

defon3 years ago

3 0

Umm... c. <span>Certificate of deposit </span>