Thad deposits $2,000 in an interest-bearing savings account. This means that Thad has $2,000 in

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Interest-bearing savings account refers to a type of account where the deposited amount earns interest over time. This typically refers to a time deposit account, where the funds are locked in for a specific period of time, and higher interest rates are offered compared to demand deposits or checking accounts. Therefore, Thad has $2,000 in a time deposit account.

Thad Deposits $2,000 in an Interest-Bearing Savings Account