which of these is a characteristic of certificates of deposit (cds)?\nthey are always offered at variable…

which of these is a characteristic of certificates of deposit (cds)?\nthey are always offered at variable rates.\nthey last for a set period of time.\nthey can be opened with any amount of money.\nthey allow access to the money at any time without penalty.

which of these is a characteristic of certificates of deposit (cds)?\nthey are always offered at variable rates.\nthey last for a set period of time.\nthey can be opened with any amount of money.\nthey allow access to the money at any time without penalty.

Answer

Brief Explanations:

Certificates of deposit (CDs) have a fixed - term duration. They are not always at variable rates (can be fixed), usually have a minimum deposit amount, and early withdrawal incurs a penalty.

Answer:

They last for a set period of time.