Which statements apply to a certificate of deposit (CD) ? Check all that apply.

It is always purchased as a short-term investment.

It can be purchased from a banking institution.

It is always purchased as a long-term investment.

It can be purchased for almost any amount.

It is purchased through an individual's employer.

Question

Jade

Business

3 October, 01:57

Which statements apply to a certificate of deposit (CD) ? Check all that apply.

It is always purchased as a short-term investment.

It can be purchased from a banking institution.

It is always purchased as a long-term investment.

It can be purchased for almost any amount.

It is purchased through an individual's employer.

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Answers (1)

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Brennen Solis · Answer 1

I believe the correct answers from the choices listed above are the second and fourth option. A certificate of deposit is a savings certificate with a fixed maturity date, specified fixed interest rate and can be issued in any denomination. It can be purchased from a banking institution and can be purchased for almost any amount.