Mandy Has $2,000,with Which She Would Like to Start a Savings

question 127

Multiple Choice

Mandy has $2,000,with which she would like to start a savings program.She will add to it regularly by investing $50 per month in a liquid account.Which of the following types of accounts would be most appropriate in this situation?

• A) Series EE U.S.savings bonds
• B) Money market deposit account
• C) Certificates of deposit account
• D) U.S.Treasury bills
• E) NOW account

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Definitions:

Minerals

Inorganic substances required by the body in small amounts for various functions, including bone formation and enzyme activation.

Recommended Intake

The daily amount of nutrients suggested for optimal health, as determined by health organizations.

Nutrients

Essential substances that organisms must obtain from their diet to sustain life and achieve proper growth and bodily function.

Classes

Organized groups or sessions of instruction or education in various subjects or skills.