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Why is putting money in a savings account or a certificate of deposit (CD) a good tactic for saving for short-term goals? A savings account

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Why is putting money in a savings account or a certificate of deposit (CD) a good tactic for saving for short-term goals? A savings account or CD provides compound interest A savings account or CD keeps money safe from risk of loss The interest rate on a savings account or CD will outpace inflation Saving in a savings account or CD provides simple interest

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