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Which of these is a characteristic of certificates of deposit (CDs)?
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 without penalty.

Respuesta :

francocanacari

The correct answer is B. The certificates of deposit last for a set period of time.

A certificate of deposit (CD) is a special type of savings account, offered by banks and credit unions. In general, the investor must keep the funds on the CD for a specific period of time to avoid penalties.

The end of that period is called the "due date." The amount of the penalty that must be paid if one withdraws money from a CD before the due date is variable. People can know the amount of the penalty before acquiring a CD.

ayfat23

The characteristic of certificates of deposit (CDs) is that B.They last for a set period of time.

What is certificate of deposit?

A certificate of deposit serves as a savings account which usually holds a fixed amount of money for a fixed period of time.

Therefore, this certificates of deposit can last

six months, one year, or five years.

Learn more about certificate of deposit at;

https://brainly.com/question/1874937

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