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CAP Career Planning and Development
Preparing for the Future
Question 6
6
Quiz
Multiple Choice
Preparing for the Future
Question 6 • CAP Career Planning and Development
Although buying a Certificate of Deposit can earn your higher returns than a regular savings account, it can have the negative side effect of _________.
Answer
A
Needing frequent transfers to stay active
B
Requiring a high initial investment
C
Being taxed when invested and when withdrawn
D
Having to be tied to a fixed rate saving account
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