Nate Rogers deposited $2,500 in a 3-year bank certificate of deposit which pays six percent interest.What type of financial service is Nate using?

Question

Quizplus · Accepted Answer

Nate is using a savings service because a certificate of deposit is a type of savings account that holds a fixed amount of money for a fixed period of time, in this case, $2,500 for 3 years, and pays interest.

Nate Rogers Deposited $2,500 in a 3-Year Bank Certificate of Deposit