Question

when it comes to managing money, its important to match your financial plan with the right type of account. which scenario is the best match for opening a certificate of deposit (cd)? choose 1 answer: a setting up an emergency fund b putting away funds to pay quarterly bills c investing your tax refund knowing you wont need to spend it for a year d accessing your money while on vacation

Explanation:

A certificate of deposit (CD) typically requires leaving money untouched for a fixed term to earn interest. Option A: Emergency funds need quick access, not suitable for CD. Option B: Quarterly bills need more frequent access, not CD. Option C: Tax refund not needed for a year matches CD's fixed - term (no need to spend soon). Option D: Accessing money on vacation needs liquidity, not CD.

Answer:

C. investing your tax refund knowing you won't need to spend it for a year