Which statements apply to a certificate of deposit (CD) ? Check all that apply.

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Social Studies

Devon Hill

10 January, 10:27

Which statements apply to a certificate of deposit (CD) ? Check all that apply.

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Jamir · Answer 1

Certificate of Deposit (CD) is the one that is being sold by banks and it is a low-risk and relatively low-return investment. It is an investment that is suitable for cash that you do not need for months or even years. When you try to leave your investment alone in a certain period, the bank will pay you an interest slightly higher.