The Primary Difference Between Large (Jumbo) and Small Certificates of Deposit

question 54

Multiple Choice

The primary difference between large (jumbo) and small Certificates of Deposit, besides dollar amount, is:

• A)that jumbo certificates have a variable interest rate.
• B)that small certificates are considered to be risk-free.
• C)that there is no secondary market for small certificates of deposit.
• D)None of the above

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