Norma is considering buying a certificate of deposit with the $500 she has in a regular savings account. Explain to her what fac

Question

2 years ago

13

tors she could consider when choosing a certificate of deposit.

1 answer:

Molodets [167] · Answer 1 · 2022-10-30T17:53:08+03:00

Answer:

The factors she could consider when choosing a certificate of deposit is explained below in detail.

Explanation:

A higher principal should/may obtain a greater interest rate.

A longer-term normally receives a greater interest rate, except in the matter of a modified yield curve.

Smaller businesses manage to offer greater interest rates than higher ones.

Individual CD accounts commonly obtain greater interest rates than business CD accounts.