When Liquidating a Traditional Certificate of Deposit (CD) Prior to Maturity

question 118

Multiple Choice

When liquidating a traditional certificate of deposit (CD) prior to maturity, the owner:

• A)must repay the interest due on the CD.
• B)must return it to the issuing institution.
• C)must refund the difference in the face value and market value of the CD to the issuing institution.
• D)must claim the interest earned by the bank by investing the CD amount.
• E)must deposit the amount equivalent to the CD amount in a savings account with the same bank.

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