Question

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

Answer 1

b. It can be purchased from a banking institution. and

d. It can be purchased for almost any amount. on edge

Step-by-step explanation:

Answer 2

Certificate of Deposit (CD) is the one that is being sold by banks and it is a low-risk and relatively low-return investment. It is an investment that is suitable for cash that you do not need for months or even years. When you try to leave your investment alone in a certain period, the bank will pay you an interest slightly higher.