Which of the following is a certificate of deposit (CD)
An account paying 0.05% interest with no other limitation.
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.
An investment in stocks.
1 answer
A deposit that has to be maintained in the bank for 1 year in exchange for a 2% interest is a certificate of deposit (CD).
1 answer