Answer:
The correct answer is a certificate of deposit (CD)
.
Explanation:
A certificate of deposit is an agreement between a borrower and a lender where for a fixed period of time interest will be generated in favor of the lender.
The fixed time periods for this type of agreement are 3, or 6 months, or 1 or 5 years.
The longer the time in which the deposit remains fixed, the interest received will be greater.
