Which of the Following Is Not a Characteristic of Certificate

question 64

Multiple Choice

Which of the following is not a characteristic of certificate of deposit (CDs) ?

• A)You pay a penalty for early redemption.
• B)You "lock in" (are guaranteed)the stated interest if you hold the CD until maturity.
• C)They are preferred over money market deposits if you expect interest rates to fall.
• D)They have a minimum maturity of three years.

---

Definitions:

Respond Efficiently

The ability of entities or systems to adjust and react promptly and effectively to changes or challenges.

Worse Off

A situation in which an individual's or group's economic position or welfare has deteriorated.

Introduction

Introduction refers to the beginning or initial section of a document, presentation, or any form of communication designed to provide an overview or frame the subsequent content.

Illegal

Illegal refers to actions or activities that are forbidden by law.