Which Does Not Characterize a Certificate of Deposit (CD)

question 101

Multiple Choice

Which does not characterize a certificate of deposit (CD) ?

• A)A CD is sold at a discount.
• B)A CD is sold by a depository institution.
• C)A CD pays annual interest payments equal to a fixed percent of the original purchase price.
• D)At maturity, the original purchase price is returned.

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Definitions:

Educational Development

The process of acquiring knowledge, skills, and competencies through formal schooling, training, or practical experiences.

Education

The systematic process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits.

Expatriates

Employees assigned to work in another country.

Parent Country

The country where a multinational company is headquartered or originally from, in contrast to the countries where it operates branches or subsidiaries.