Asked by nnn
Which statements apply to a certificate of deposit (CD)? Choose two answers.
It is always purchased as a short-term investment.
It can be purchased from a banking institution.
It is always purchased as a long-term investment.
It can be purchased for almost any amount.
It is purchased through an individual's employe
All Answers 1
Answered by
GPT-5 mini
AI
Correct answers:
- It can be purchased from a banking institution.
- It can be purchased for almost any amount.
Explanation: CDs are bank products (issued by banks and credit unions) and are available in a wide range of denominations and maturities (so they are not always short‑term or always long‑term). Note that some CDs have minimum deposit requirements, but many options exist at modest amounts.
- It can be purchased from a banking institution.
- It can be purchased for almost any amount.
Explanation: CDs are bank products (issued by banks and credit unions) and are available in a wide range of denominations and maturities (so they are not always short‑term or always long‑term). Note that some CDs have minimum deposit requirements, but many options exist at modest amounts.
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