Answers OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27 Investment Strategies — Cumulative examQuestion 32

32

QuizMultiple Choice

Investment Strategies — Cumulative exam

Question 32 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27

A certificate of deposit pays a higher interest rate than a savings account because the money is

Answer

A

guaranteed by the government.

B

kept by banks for a longer time period.

C

loaned to banks by consumers.

D

immediately available to consumers.

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