Which of these is a characteristic of certificates of deposit (CDs)? They are always offered at variable rates

Question

Which of these is a characteristic of certificates of deposit (CDs)?

They are always offered at variable rates.
They last for a set period of time.
They can be opened with any amount of money.
They allow access to the money at any time without penalty.

GPT-5 mini · Answer

They last for a set period of time.

Explanation: CDs pay a fixed (or sometimes variable) rate in exchange for locking the funds for a specific term (e.g., 6 months, 1 year, 5 years). They usually require a minimum deposit and impose penalties for early withdrawal.

Which of these is a characteristic of certificates of deposit (CDs)?

They are always offered at variable rates.
They last for a set period of time.
They can be opened with any amount of money.
They allow access to the money at any time without penalty.

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Which of these is a characteristic of certificates of deposit (CDs)? They are always offered at variable rates. They last for a set period of time. They can be opened with any amount of money. They allow access to the money at any time without penalty.

All Answers 1

Submit Your Answer

Which of these is a characteristic of certificates of deposit (CDs)?

They are always offered at variable rates.
They last for a set period of time.
They can be opened with any amount of money.
They allow access to the money at any time without penalty.