Answered

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Pls help it’s for economics!

what is one way that certificates of deposit (cds) differ from other saving services? (1 point)
a. certificates of deposit require that the money remain deposited for a specified length of time, during which it cannot be accessed.
b. certificates of deposit typically limit the number of monthly transactions that can access the deposited money.
c. certificates of deposit usually allow an unlimited number of transactions to access the deposited money.
d. certificates of deposit are accompanied by a credit card that can be used at a point of sale to access the deposited
money.

Sagot :

The certificates of deposit (cds) differ from other saving services because the certificates of deposit require that the money remain deposited for a specified length of time, during which it cannot be accessed.

What is a certificate of deposit?

This is a certificate issued by a bank to a person depositing money for a specified length of time at a specified rate of interest.

Cerificates of Deposits are term deposits, so funds are locked up for a specific amount of time.

Read more about certificate of deposits here:

https://brainly.com/question/1874937

kumikumika

Answer:

A. certificates of deposit require that the money remain deposited for a specified length of time, during which it cannot be accessed

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