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12 February, 15:40

In which situation would a certificate of deposit (CD) be the best banking choice?

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  1. 12 February, 16:40
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    The answer is B. Hafsa wants a guaranteed return, and won’t need the money for several years.
  2. 12 February, 18:17
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    One of the situation would be You are setting money aside specifically for home renovation in several years

    In Certificate deposit investment, the interest rate is pre-determine while overlooking the inflation rate in the future.

    So, this type of investment is perfect for those who do not want to take high risk and have no problem in waiting for a long period of time before they could obtain the return.
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