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):
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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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