Jorge has $300 for work he performed. He expects to spend the money in the next few weeks to buy a new bike. Which type of account will be best for Jorge?
AChecking Account
BCertificate of Deposit (CD)
CSavings Account
DMoney Market Account
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Option C is the correct Answer.
Jorge can invest his money in the savings account to buy a new bike because when it comes to savings account he can invest money at any time.
He can withdraw his money anytime without any restriction.
At the same time, Jorge will also get interests for the deposited money too.
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