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.
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A deposit that has to be maintained in the bank for 1 year in exchange of a 2% interest.
1 answer