Wyatt keeps $25,000 in an interest-bearing time deposit with the Bigbux Bank. While earning a relatively attractive rate of interest, Wyatt had to agree to not withdraw any of the funds until the end of a three-year period. Wyatt's investment represents a(n)
A) passbook savings account.
B) negotiable order of withdrawal (NOW) account.
C) individual deferred earnings account (IDEA) .
D) certificate of deposit (CD) .
Correct Answer:
Verified
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