Lei's Investment Manager Told Her That If She Wants to Increase

Multiple Choice

Lei's investment manager told her that if she wants to increase the return on the money currently in her checking account, she should invest in a bank certificate of deposit. This is

A) a short-term (one-year) IOU issued by the bank.
B) a long-term IOU issued by governments and corporations.
C) a unit of ownership in a corporation.
D) a short-term obligation of the U.S. Treasury with a maturity period of one year or less.
E) a bond issued by a state or local government or agency.