which of the following involves a deposit that provides a specific return based on a fixed interest…
which of the following involves a deposit that provides a specific return based on a fixed interest rate?\npromissory note\ncommon stock\nmortgage bond\ncertificate of deposit
Answer
Brief Explanations:
A certificate of deposit (CD) is a type of deposit where an individual deposits money for a fixed - term at a fixed interest rate and receives a specific return. A promissory note is a written promise to pay. Common stock represents ownership in a company and returns are not fixed. A mortgage bond is a bond secured by real estate and is not a deposit.
Answer:
Certificate of deposit