Which of the Following Is Not True About a Certificate

question 20

Multiple Choice

Which of the following is not true about a certificate of deposit (CD) ?

• A) They pay higher interest than T-bills.
• B) They are long-term investments of two years or more.
• C) Funds are locked in for specific periods of time.
• D) A penalty is imposed for early withdrawal.

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Extreme anxiety, sorrow, or pain.

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