give two advantages of CD
Answers
Answered by
2
1 small and portable
2 very cheap to produce
Answered by
1
i]- A FIXED RATE , when you open a CD you can decide how much you want to invest and for how long you want to invest. In exchange you receive a fixed interest rate.
ii]- SECURITY, one of the biggest certificate of deposit benefits is security. Like checking and saving accounts , CD accounts are insured by FEDERAL DEPOSIT INSURANCE CORPORATION , up to the allowable limits.
Similar questions
Math,
4 months ago
Science,
4 months ago
English,
4 months ago
English,
9 months ago
Social Sciences,
1 year ago
Social Sciences,
1 year ago