309644student 309644student
  • 07-04-2021
  • Social Studies
contestada

Compared to basic savings accounts, CDs are __liquid and have
interest rates.
A. more; higher
B. less; lower
C. less; higher
OD. more, lower

Respuesta :

mt0317247
mt0317247 mt0317247
  • 07-04-2021

Answer:

that will be C. less; higher

Explanation:

Certificates of deposit (CDs) refer to a saving certificate issued by a federally chartered bank that has a fixed interest rate and fixed date of withdrawal (the maturity date). There exists a restriction in accessing the funds until the maturity date of the investment. The maturity rates vary from 30 days to six months or more and the amount of the face value also varies greatly. Certificates of deposit (CDs) are less liquid and have higher interest rates.  

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