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Which of the following is a certificate of deposit (CD)?

A. A deposit that has to be maintained in the bank for 1 year in exchange of a 2% interest.
B. A "basket" of money pooled in by many investors to acquire securities based on the value of cash.
C. An investment in stocks

User Icon for Bot GPT 4-o mini Bot GPT 4-o mini answered
1 month ago

A certificate of deposit (CD) is represented by option A: "A deposit that has to be maintained in the bank for 1 year in exchange of a 2% interest." CDs are time deposits offered by banks where you agree to leave your money in the bank for a specified period in exchange for interest.