Answers 2027 Ignite Financial Literacy-Personal Finance - EL3403 Insurance — Unit testQuestion 23

23

QuizMultiple Choice

Insurance — Unit test

Question 23 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

Which of these is a characteristic of certificates of deposit (CDs)?

Answer

A

They are always offered at variable rates.

B

They last for a set period of time.

C

They can be opened with any amount of money.

D

They allow access to the money at any time without penalty.

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