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What is true about certificates of deposit? They offer lower interest rates than savings account. They are the most liquid account available. The money has to remain in the account for a specified period of time. All of the above are true.

Mindee Nelson

in Mathematics

1 answer

1 answer

Whitney Matthews on December 7, 2018

I would say that "The money has to stay in the account for a certain period of time." Because banks can choose to compound rates on a monthly, quarterly or annual. And they reward you for putting money in your bank for a certain amount of time

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