Question

Compared to basic savings accounts, CDs are __liquid and have

interest rates.
A. more; higher
B. less; lower
C. less; higher
OD. more, lower

Answer 1

that will be C. less; higher

Step-by-step explanation:

Certificates of deposit (CDs) refer to a saving certificate issued by a federally chartered bank that has a fixed interest rate and fixed date of withdrawal (the maturity date). There exists a restriction in accessing the funds until the maturity date of the investment. The maturity rates vary from 30 days to six months or more and the amount of the face value also varies greatly. Certificates of deposit (CDs) are less liquid and have higher interest rates.