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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.

Respuesta :

The statements that apply to a certificate of deposit include;

  • It can be purchased from a banking institution.
  • It can be purchased for almost any amount.

What is a certificate of deposit?

A certificate of deposit is a low-risk investment where the owner fixes a sum of money in an account for a period of time after which he can collect the investment along with interest accrued.

Banks and credit unions are main financial institutions known for issuing certificates of deposits.

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