In which situation would a certificate of deposit (CD) be the best banking choice?

Question

Ajones2012 Ajones2012

12-07-2017
Social Studies

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In which situation would a certificate of deposit (CD) be the best banking choice?

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andriansp andriansp · Answer 1 · 2017-10-30T10:05:04+01:00

one of the situation would beYou are setting money aside specifically for home renovation in several years
In Certificate deposit investment, the interest rate is pre-determine while overlooking the inflation rate in the future.
So, this type of investment is perfect for those who do not want to take high risk and have no problem in waiting for a long period of time before they could obtain the return.

mcneelyc155 mcneelyc155 · Answer 2 · 2021-12-13T19:58:49+01:00

mcneelyc155 mcneelyc155

13-12-2021

Answer: A

Explanation:

100 on edge

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