Question

multiple choice. which is an example of a savings instrument? (1 point) ○ certificate of deposit (cd) ○ checking account ○ cash ○ credit card

Explanation:

A savings instrument is a financial product designed to hold and grow funds over time. A certificate of deposit (CD) is a time deposit that earns interest, fitting this definition. Checking accounts are for daily transactions, cash is physical currency not an instrument, and credit cards are borrowing tools, not savings vehicles.

Answer:

certificate of deposit (CD)