Question 25 • Personal Finance - SC 26-27 (For Credit)
Which statements apply to a certificate of deposit (CD)? Choose two answers. It is always purchased as a short-term investment.It can be purchased from a banking institution.It is always purchased as a long-term investment.It can be purchased for almost any amount.It is purchased through an individual's employer.
Answer
A
It is always purchased as a short-term investment.