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14 January, 22:16

Which is a true statement of Certificates of Deposit (CDs) ?

The depositor can withdraw money from the account anytime.

CDs earn less money than a traditional savings account.

A savings note is issued for a set period of time.

CDs are considered an aggressive investment.

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Answers (2)
  1. 14 January, 22:30
    0
    A savings note is issued for a set period of time.

    Explanation:

    The depositor can withdraw money from the account anytime. FALSE

    The depositor can only withdraw his/her money when the set period of time expires.

    CDs earn less money than a traditional savings account. FALSE

    CD's earn more money than a traditional savings account, and longer term CDs yield higher interest rates than shorter term CDs

    CDs are considered an aggressive investment. FALSE

    CDs are considered very safe investments. The Federal Deposit Insurance Corporation (FDIC) guarantees CDs (and other bank transactions) for up to $250,000.
  2. 14 January, 22:43
    0
    Option C.

    Explanation:

    I got this question correct on my test
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