Multiple Choice
Lahn placed $100 in a certificate of deposit. After three years he received 10 percent interest on the $100. This is an example of a ________ deposit, which can be further classified as a form of ________.
A) demand; M1
B) bond; NOW
C) time; M2
D) paper; M1
E) promissory; M2
Correct Answer:
Verified
Correct Answer:
Verified
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