Which is a true statement of certificates of deposit cds

Asked by maham237 @ in Business viewed by 281 People

The depositor can withdraw money from the account anytime.

CDs earn less money than a traditional savings account.

A savings note is issued for a set period of time.

CDs are considered an aggressive investment.

Answered by maham237 @


Answer:

A savings note is issued for a set period of time.

Explanation:

  • The depositor can withdraw money from the account anytime. FALSE

The depositor can only withdraw his/her money when the set period of time expires.


  • CDs earn less money than a traditional savings account. FALSE

CD's earn more money than a traditional savings account, and longer term CDs yield higher interest rates than shorter term CDs

  • CDs are considered an aggressive investment. FALSE

CDs are considered very safe investments. The Federal Deposit Insurance Corporation (FDIC) guarantees CDs (and other bank transactions) for up to $250,000.


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