Which of the Following Regarding Certificates of Deposit (CDs)is Correct

question 83

Multiple Choice

Which of the following regarding certificates of deposit (CDs) is correct?

• A) CDs pay daily interest instead of monthly as for ordinary deposits.
• B) CDs generally pay higher interest because they are not liquid.
• C) The rate of interest on a CD can be adjusted quickly.
• D) CDs with a face value of more than $100 000 are non-negotiable.

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