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zvonat [6]
2 years ago
8

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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