Question
Question
Which of the following is a certificate of deposit (CD)?(1 point)
Responses
An account paying 0.5% interest with no other limitations.
An account paying 0.5% interest with no other limitations.
A deposit that has to be maintained in the bank for 1 year in exchange of a 2% interest.
A deposit that has to be maintained in the bank for 1 year in exchange of a 2% interest.
A “basket” of money pooled in by many investors to acquire securities based on the value of cash.
A “basket” of money pooled in by many investors to acquire securities based on the value of cash.
An investment in stocks.
An investment in stocks.
Which of the following is a certificate of deposit (CD)?(1 point)
Responses
An account paying 0.5% interest with no other limitations.
An account paying 0.5% interest with no other limitations.
A deposit that has to be maintained in the bank for 1 year in exchange of a 2% interest.
A deposit that has to be maintained in the bank for 1 year in exchange of a 2% interest.
A “basket” of money pooled in by many investors to acquire securities based on the value of cash.
A “basket” of money pooled in by many investors to acquire securities based on the value of cash.
An investment in stocks.
An investment in stocks.
Answers
GPT-4o mini
The correct response that describes a certificate of deposit (CD) is:
**A deposit that has to be maintained in the bank for 1 year in exchange of a 2% interest.**
**A deposit that has to be maintained in the bank for 1 year in exchange of a 2% interest.**