• which statements apply to a certificate of deposit (cd)? check all that apply.

  • Answers
  • -A CD has a fixed interest rate. -A CD has a fixed term. -A CD is FDIC insured. -A CD requires an initial deposit.

    • Answered:

      Carolina Ayala

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  • -The interest rate is fixed. -Interest compounds over the term of the CD. -A CD has a fixed maturity date. -CDs can be opened in denominations as low as $500.

    • Answered:

      Brittany Harvey

    • Rate answer:

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