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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 won't 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.

Respuesta :

Answer:

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

Explanation:

Got 100% on edge.

anthougo

Among the given situations, a certificate of deposit would be the best banking choice when B. Hafsa wants a guaranteed return, and won't need the money for several years.

What is a certificate of deposit?

A certificate of deposit is distinguished from a savings account because it has specified and fixed term for the deposit to last and attracts specially fixed interest rate.

Thus, the situation in which a certificate of deposit or CD would be the best banking choice is when the depositor wants a guaranteed return and does not require the money until after many years.

Learn more about Certificate of Deposit (CD) at https://brainly.com/question/1874937

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