a certificate of deposit pays a higher interest rate than a savings account because the money is\n…

a certificate of deposit pays a higher interest rate than a savings account because the money is\n- guaranteed by the government.\n- kept by banks for a longer time period.\n- loaned to banks by consumers.\n- immediately available to consumers.

a certificate of deposit pays a higher interest rate than a savings account because the money is\n- guaranteed by the government.\n- kept by banks for a longer time period.\n- loaned to banks by consumers.\n- immediately available to consumers.

Answer

Brief Explanations:

Certificates of deposit (CDs) require funds to be deposited for a fixed - term. Since banks can use these funds for a longer time compared to savings accounts where withdrawals can be more frequent, they offer higher interest rates.

Answer:

B. kept by banks for a longer time period.