Question

Which statements apply to a certificate of deposit (cd)? choose two answers. It is always purchased as a short-term investment. It can be purchased from a banking institution. It is always purchased as a long-term investment. It can be purchased for almost any amount. It is purchased through an individual's employer

Answer 1

The two statements that refer to the certificate of deposits are:

• It can be purchased from a banking institution.

• It can be purchased for almost any amount.

What is a certificate of deposit?

This is also referred to as time deposit. The deposit is a certificate that is issued to a person that is keeping money in a bank for a particular time period at a given rate of interest.

This certificate is gotten for almost any amount of money from the banks that are issuing them.

Read more on certificate of deposit here brainly.com/question/17427920