Examlex
Which of the following statements is CORRECTσ
Certificates of Deposit
Certificates of Deposit (CDs) are financial products offered by banks that provide a fixed interest rate in exchange for keeping a deposit untouched for a predefined period.
Maturity Date
The specific date on which the principal amount of a bond, loan, or other financial instrument is to be paid back in full to the investor.
Tax Bracket
A range of income taxed at a specific rate by the government, part of a progressive tax system.
Corporate Bond
A debt security issued by a corporation and sold to investors, paying fixed interest over its lifetime and repaying the principal at the bond’s maturity date.
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