Peter Has Put the Money He Has Earned Over the Summer

question 15

Multiple Choice

Peter has put the money he has earned over the summer to pay for college tuition in January at a Canadian bank. He cannot touch that money until January 1. Which type of deposit does Peter have?

• A) time deposit
• B) term deposit
• C) demand deposit
• D) fixed deposit

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Definitions:

Telegraph

An early form of long-distance communication technology that transmitted messages using electrical signals over wires, significantly influencing the 19th and early 20th centuries.

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Public or private gatherings organized to raise funds and awareness for charitable causes, often featuring goods for sale, games, and entertainment.

Tracts

Short written works, usually on religious or political topics, intended for wide distribution and often used to disseminate or support specific viewpoints.

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Events or series of events where individuals travel to various locations to give speeches, often to spread information or advocate for causes.