Which is the best definition of a CD used in banking?
A. A CD or Certificate of Deposit is a higher interest saving account where the saver agrees to leave the money untouched for a certain amount of time.
B. A CD or compact disk is used to store all financial transaction for an account.
C. A CD or Certificate of Deposit is a receipt for opening a checking account.
D. A CD or Certificate of Deposit documents your purchase of a Cashier's check.
Answer: A
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