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11-05-2022
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certificates of deposit and money market accounts are both examples of investments with risk and return.

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gauravsingh23VT gauravsingh23VT

14-05-2022

Certificates of deposit and money market accounts are both examples of investments with high risk and low return.

What is the purpose of a certificate of deposit?

A certificate of deposit is a type of savings account in which the issuing bank holds a specific quantity of money for a specified period of time, such as six months, one year, or five years, in exchange for interest.

When one cash in or redeem your CD, they get the money they put in plus any interest earned.

Thus, high and low are correct.

For more details about Certificates of deposit, click here

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