Question
When a certificate of deposit savings account is taken out of the account and placed in another certificate of deposit account, what is the specific concept that describes that action?
(1 point)
Responses
deposit
deposit
rollover
rollover
transaction
transaction
withdrawal
(1 point)
Responses
deposit
deposit
rollover
rollover
transaction
transaction
withdrawal
Answers
GPT-4o mini
The specific concept that describes taking a certificate of deposit (CD) savings account and placing it into another certificate of deposit account is called a **rollover**.