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9 August, 10:32

Why is a certificate of deposit considered such a safe investment?

It is guaranteed by the federal government.

It is issued by a savings bank.

It pays a relatively low rate of interest.

It cannot be redeemed whenever the investor wants the money.

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Answers (2)
  1. 9 August, 11:13
    0
    Answer: it is guranteed by the federal government
  2. 9 August, 14:15
    0
    It is issued by a bank it's called a saving bond.
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