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Which of these is a characteristic of certificates of deposit (CDs)?


They are always offered at variable rates.

They last for a set period of time.

They can be opened with any amount of money.

They allow access to the money at any time without penalty.

Respuesta :

W0lf93
The main characteristic of certificates of deposit (CDs) is that they are an investment with a specified investment period, as determined by the financial institution at the time of purchase of the CD. This allows the financial institution a specific period of time to use the money for investment. Consequently, early withdrawal of a CD will cause a penalty. Financial institutions will usually set a pre-determined interest rate for the period of time in which the CD is active.
mickymike92

A characteristic of certificates of deposit (CDs) is that they last for a set period of time.

What are certificates of deposit, CDs?

Certificates of Deposits CDs, are a type of financial investment in which the invested amount is for a specified or given amount of time.

The specified time us determined by the financial institutions.

Any withdrawal before that given time attracts a penalty.

Therefore, a characteristic of certificates of deposit (CDs) is that they last for a set period of time.

Learn more about about Certificates of Deposits at: https://brainly.com/question/1093374

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