Suppose You Deposit Money in a Certificate of Deposit (CD)at

question 42

Multiple Choice

Suppose you deposit money in a certificate of deposit (CD) at a bank.Which of the following statements is TRUE?

• A)The bank is borrowing money from you without a promise to repay that money with interest.
• B)The bank is lending money to you with a promise to repay that money with interest.
• C)The bank is technically renting money from you with a promise to repay that money with interest.
• D)The bank is lending money to you,but not borrowing money from you.

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