Multiple Choice
In the context of financial securities, which of the following statements is true of certificates of deposit?
A) Certificates of deposit with longer maturities typically earn a lower interest rate than certificates of deposit that have shorter terms.
B) They can be cashed in before they mature without incurring any penalty.
C) They offer higher returns than most other types of investments.
D) The rate of interest paid on certificates of deposit is often higher than the rate on a regular savings account.
Correct Answer:
Verified
Correct Answer:
Verified
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