Compared to money market accounts, CDs are _ liquid and have _ interest rates? A. less; higher B. more; higher C. less;

Question

GuDViN [60]

3 years ago

11

Compared to money market accounts, CDs are _ liquid and have _ interest rates? A. less; higher B. more; higher C. less;

lower D. more; lower

Business

2 answers:

alexdok [17] · Answer 1 · 2022-03-13T13:45:44+03:00

alexdok [17]3 years ago

8 0

Answer:A

Explanation:

Fudgin [204] · Answer 2 · 2022-03-13T12:34:53+03:00

Answer: A. less; higher

Compared to money market accounts, CDs are less liquid and have higher interest rates.

Explanation:

Certificates of deposit (CDs) refer to a saving certificate issued by a federally chartered bank which has a fixed interest rate and fixed date of withdrawal (the maturity date). There exists restriction in accessing the funds until the maturity date of the investment. The maturity rates vary from 30 days to six months or more and the amount of the face value also vary greatly. Certificates of deposit (CDs) are less liquid and have higher interest rates. Interest rates are the amount charged by a lender to a borrower for using his or her assets.

Compared to money market accounts, CDs are _____ liquid and have _____ interest rates? A. less; higher B. more; higher C. less;

Compared to money market accounts, CDs are _ liquid and have _ interest rates? A. less; higher B. more; higher C. less;