9
InstructionMultiple Choice

Other Bank Accounts

Question 9 • CARE_24_25_TX-Mathematical Models with Applications A

Which of the following are advantages of certificates of deposit (CDs) over savings accounts?I. CDs are more readily accessible than savings accounts.II. CDs offer greater interest rates than savings accounts.III. CDs have greater FDIC backing than savings accounts.

Answer
A
I and II
B
II only
C
I and III
D
none of these
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