Joan Martin expects interest rates to decline over the next few months.To achieve her long-term financial goals,she will trade off liquidity for a higher return by using a:

Question

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A five-year certificate of deposit (CD) typically offers higher interest rates compared to savings, checking, and money market accounts or funds, in exchange for locking in the funds for a longer period, thus trading off liquidity for a higher return. This aligns with Joan Martin's expectation of declining interest rates and her desire for higher returns over the long term.

Joan Martin Expects Interest Rates to Decline Over the Next