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.
1 answer
The option 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 CD is a financial product offered by banks that allows customers to deposit money for a fixed term in exchange for a predetermined interest rate.
