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netineya [11]
3 years ago
6

Definition: This type of investment account has a specific fixed term/length, fixed interest rate, is insured

Business
1 answer:
Natali5045456 [20]3 years ago
8 0

Answer:

The answer is Certificate Of Deposit.

Explanation:

A certificate of deposit (CD) refers to a product which is usually offered by banks and credit unions and which provides an interest rate premium based on the condition that the customer agrees to leave a lump-sum deposit untouched for a particular length of time.

Almost all consumer financial institutions offer certificates of deposit, but each bank can set its own peculiar certificate of deposit terms and conditions.

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Revolving credit

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