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Herb has $20,000 in an interest-bearing time deposit with the applebottom bank and trust company. while earning a relatively attractive rate of interest, herb had to agree to not withdraw any of the funds until the end of a three-year period. herb's investment represents a(n): a. passbook savings account. b. negotiable order of withdrawal (now) account. c. individual deferred earnings account (idea).d. certificate of deposit (cd).
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Herb has $20,000 in an interest-bearing time deposit with the applebottom bank and trust company. wh...
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