Wanda Clark Expects Interest Rates to Decline in the Next

question 34

Multiple Choice

Wanda Clark expects interest rates to decline in the next few months.To maximize her earnings,she should put her savings in a

• A)two-year certificate of deposit.
• B)six-month certificate of deposit.
• C)money market account.
• D)passbook savings account.

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Definitions:

Charleston

A historic city in South Carolina known for its well-preserved architecture, rich history, and significant role in the American Civil War.

Constitutional Union Party

A political party in the United States formed in 1860, which sought to avoid secession by focusing on the Constitution and the Union without addressing the contentious issue of slavery.

Upper South

A subregion of the southeastern United States, typically considered to include states like Virginia, North Carolina, and Tennessee, known for their distinct historical, economic, and cultural characteristics compared to the Deep South.

John Bell

A Tennessee politician who was the Constitutional Union Party candidate for president in 1860, known for his moderate stance on the issue of slavery.