Which of these is a characteristic of certificates of deposit (CDs)?

Health

2 answers:

BlackZzzverrR [31]2 years ago

4 0

Answer: The answer is B. CD's usually last for a set period of time. Hope this helps.

Lorico [155]2 years ago

3 0

<span>The main characteristic of certificates of deposit (CDs) is that they are an investment with a specified investment period, as determined by the financial institution at the time of purchase of the CD. This allows the financial institution a specific period of time to use the money for investment. Consequently, early withdrawal of a CD will cause a penalty. Financial institutions will usually set a pre-determined interest rate for the period of time in which the CD is active.</span>

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