MCQs > Finance & Management > Retail Banking Industry And Processes > What type of account would someone put their money into if they wanted to earn a high rate of return and not to have access to their money for a fixed period e.g. 90 days?

Retail Banking Industry And Processes MCQs

What type of account would someone put their money into if they wanted to earn a high rate of return and not to have access to their money for a fixed period e.g. 90 days?

Answer

Correct Answer: A certificate of deposit

Explanation:

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