A certificate of deposit

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Reference no: EM131514740

1. A Certificate of Deposit (CD) is:

A. a good place to “store” your money until you figure out what you want to do with those funds.

B. basically a loan to a bank for a stated amount of money, a stated interest rate, and a stated period of time.

C. usually insured for up to $250,000 by FDIC insurance.

D. all of the above.

2. When it comes to loans, “the only good interest is”:

A. discount interest

B. add-on interest

C. simple interest

D. compound interest

Reference no: EM131514740

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