Which statements apply to a certificate of deposit (cd)? choose two answers. It is always purchased as a short-term investment.

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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

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1 answer:

Novosadov [1.4K] · Answer 1 · 2023-03-10T14:45:33+03:00

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