Which of the Following Are Characteristics of Certificates of Deposit

question 97

Multiple Choice

Which of the following are characteristics of Certificates of Deposit (CDs) ?

• A)CDs pay annual interest payments equal to a fixed percentage of the original purchase price.
• B)The original purchase price of the CD is repaid at maturity.
• C)CDs are debt instruments sold by depository institutions.
• D)All of the above are characteristics of CDs.

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