Pick the Advantage of a Certificates of Deposit from This

question 67

Multiple Choice

Pick the advantage of a certificates of deposit from this list of possibilities.

• A)The interest paid is compounded daily.
• B)Early withdrawals after 30 days do not incur a penalty.
• C)Interest rates are generally higher than typical savings accounts.
• D)They earn the APY and not the APR.

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Definitions:

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