Responses
Certificates of deposit usually allow an unlimited number of transactions to access the deposited money.
Certificates of deposit usually allow an unlimited number of transactions to access the deposited money.
Certificates of deposit typically limit the number of monthly transactions that can access the deposited money.
Certificates of deposit typically limit the number of monthly transactions that can access the deposited money.
Certificates of deposit require that the money remain deposited for a specified length of time, during which it cannot be accessed.
Certificates of deposit require that the money remain deposited for a specified length of time, during which it cannot be accessed.
Certificates of deposit are accompanied by a credit card that can be used at a point of sale to access the deposited money.
1 answer
The correct response is:
Certificates of deposit require that the money remain deposited for a specified length of time, during which it cannot be accessed.
This distinguishes CDs from other savings services, as they enforce a fixed term during which the funds cannot be withdrawn without penalties.
