What is the best description of a nonliquid account?

A. You earn a standard rate of interest for the first six months. After that, you will start to earn a higher interest rate and can withdraw money without penalty.
B. You earn a higher rate of interest for agreeing to add additional money every month. After the third month, you can start to withdraw money without penalty.
C. You earn a higher interest rate, but you must agree to leave your money in the account for a specific period of time. If you withdraw your money early, you will have to pay a penalty.
D. You earn a standard interest rate, but you can withdraw money whenever you want without penalty.


Answer: C

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