which of these is a characteristic of certificates of deposit (cds)?\no they are always offered at variable…

which of these is a characteristic of certificates of deposit (cds)?\no they are always offered at variable rates.\no they last for a set period of time.\no they can be opened with any amount of money.\no they allow access to the money at any time without penalty.

which of these is a characteristic of certificates of deposit (cds)?\no they are always offered at variable rates.\no they last for a set period of time.\no they can be opened with any amount of money.\no they allow access to the money at any time without penalty.

Answer

Brief Explanations:

Certificates of deposit (CDs) are time - deposits. They have a fixed term, meaning they last for a set period of time. They usually offer fixed interest rates, have minimum deposit requirements, and early withdrawal typically incurs a penalty.

Answer:

They last for a set period of time.