can anyone help me with a finance question?

Question

anonymous · Answer

and what is your question?

anonymous · Answer

Nadine just turned 21 years old and will soon begin her junior year of college in the fall. Money that she is saving for which of these purposes is not good to put in a certificate of deposit?

 		A.	A trip during spring break of her senior year
 		B.	Gas for her car
 		C.	Tuition for a master's degree program
 		D.	Books for her senior thesis

anonymous · Answer

Well if you know how CDs work then you would know that someone deposits money for a fixed period of time – six months, one year, five years, or more – and, in exchange, the issuing bank pays you interest. Notice that all options include deposits that will need to be withdrawn at a similar time period apart from one? 
Also, CDs only give high interest rates with time. Your deposit "matures" with time, so if you deposit gas money, how likely is it that you will need the gas money before it matures? say in a year....

I hope this answers your question.