Which of the following typically offers the highest rate of return?
A) Passbook savings accounts.
B) Money market deposit accounts.
C) Certificates of deposit.
D) Cheque accounts.

Question

Quizplus · Accepted Answer

Certificates of deposit (CDs) typically offer higher interest rates compared to passbook savings accounts, money market deposit accounts, and cheque accounts, as they require the depositor to lock in their money for a fixed term.

Which of the Following Typically Offers the Highest Rate of Return