Question

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 ahvays purchased as a long-term investment.
•It can be purchased for almost any amount.
•It is purchased through an individual's employer.

Answer 1

d. It can be purchased for almost any amount. and

b. It can be purchased from a banking institution. on edge

Step-by-step explanation:

Answer 2

It can be purchased from a banking institution.

It can be purchased for almost any amount.

Step-by-step explanation:

A certificate of deposit (CD) is simply a financial deposit that has a time limit between an individual and a financial institution to pay dividends after a particular period of time.

The statements that applies to a certificate of deposit (CD) are

It can be purchased from a banking institution.

It can be purchased for almost any amount.