Question

Your business has excess cash. You do not expect to use the excess cash in the next 12 months. You also do not have any other investments opportunities. To earn more interest on the excess cash, it is a good idea to deposit it in a

Select one:
a. Time Deposit
b. Piggy Bank
c. Savings account
d. Current account

Answer 1

Answer:

Time Deposit - As the Rate of Interest in it is more than Savings Account

Explanation:

Answer 2

I think !

May be, the correct answer is (A). Time Deposit

Hope it helps......