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erastova [34]
2 years ago
11

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
SAT
1 answer:
Novosadov [1.4K]2 years ago
8 0

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.

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

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