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
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.
<h3>What is a certificate of deposit?</h3>
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.
