4 years ago

Which statements apply to a certificate of deposit (CD)? Check all that apply.

1 answer:

8 0

Certificate of Deposit (CD) is the one that is being sold by banks and it is a low-risk and relatively low-return investment. It is an investment that is suitable for cash that you do not need for months or even years. When you try to leave your investment alone in a certain period, the bank will pay you an interest slightly higher.

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