Question
Which of the following investments is characterized by the following traits:
Insured by the FDIC or NCUA
Lowest interest rate of all investments
Number of withdrawals per month may be limited
(1 point)
Responses
Money market
Money market
Traditional savings account
Traditional savings account
Exchange-traded fund (ETF)
Exchange-traded fund (ETF)
Certificate of deposit (CD)
Certificate of deposit (CD)
Insured by the FDIC or NCUA
Lowest interest rate of all investments
Number of withdrawals per month may be limited
(1 point)
Responses
Money market
Money market
Traditional savings account
Traditional savings account
Exchange-traded fund (ETF)
Exchange-traded fund (ETF)
Certificate of deposit (CD)
Certificate of deposit (CD)
Answers
GPT-4o mini
The investment that is characterized by the traits you mentioned (insured by the FDIC or NCUA, lowest interest rate of all investments, and limited number of withdrawals per month) is the **Certificate of Deposit (CD)**.
CDs typically have a fixed interest rate, offer less liquidity (with penalties for early withdrawal), and are insured by the FDIC or NCUA, making them a safe investment option.
CDs typically have a fixed interest rate, offer less liquidity (with penalties for early withdrawal), and are insured by the FDIC or NCUA, making them a safe investment option.