10. Match the descriptions with the types of
time deposit (CD)
This account provides higher interest but may bequire a higher minimum balance.
This bank account pays a higher interest rate but imposes a penalty if the money is withdrawn before a certain time.
This savings account allows earnings to be used without taxation when used for college expenses.
This bank account pays interest and allows limited withdrawals.
This retirement account allowing tax deferral for income is offered by an employer.
This account is open to not just employees, but all individuals who wish to make tax-deferred contributions to save for retirement.