latitia asks an employee at her bank about any investment opportunities they can offer. the employee tells…

latitia asks an employee at her bank about any investment opportunities they can offer. the employee tells her that certificates of deposit are very popular. what does latitia need to know before she invests in certificates of deposit? they offer lower interest rates than a savings account. they are the most liquid account available. the money has to remain in the account for a specified period of time. they are considered a high - risk investment.

latitia asks an employee at her bank about any investment opportunities they can offer. the employee tells her that certificates of deposit are very popular. what does latitia need to know before she invests in certificates of deposit? they offer lower interest rates than a savings account. they are the most liquid account available. the money has to remain in the account for a specified period of time. they are considered a high - risk investment.

Answer

Brief Explanations:

Certificates of deposit (CDs) require money to be kept in the account for a fixed - term. They usually offer higher interest rates than savings accounts, are not the most liquid (as early withdrawal may incur penalties), and are considered low - risk investments.

Answer:

The money has to remain in the account for a specified period of time.