in which situation would a certificate of deposit (cd) be the best banking choice? samuel is setting money…

in which situation would a certificate of deposit (cd) be the best banking choice? samuel is setting money aside but still needs emergency access to it. hafsa wants a guaranteed return, and wont need the money for several years. darren is looking for an investment that has a very high interest rate. raj is looking for an investment with a fast return so he can reinvest.

in which situation would a certificate of deposit (cd) be the best banking choice? samuel is setting money aside but still needs emergency access to it. hafsa wants a guaranteed return, and wont need the money for several years. darren is looking for an investment that has a very high interest rate. raj is looking for an investment with a fast return so he can reinvest.

Answer

Answer:

B. Hafsa wants a guaranteed return, and won’t need the money for several years.

Brief Explanation:

Certificates of deposit (CDs) offer a guaranteed return over a fixed - term. They have penalties for early withdrawal, so are best for those who don't need immediate access to funds.