_____ are savings accounts that guarantee a depositor a set interest rate over a specified interval of time as long as the funds are not withdrawn prematurely.
A)Certificates of deposits
B)Checking accounts
C)Money market accounts
D)Demand deposits
E)Negotiable Order of Withdrawal accounts

Question

Quizplus · Accepted Answer

Certificates of Deposit (CDs) are time-bound savings accounts that offer a fixed interest rate for a specified period, provided the funds remain untouched until the term ends.

_____ Are Savings Accounts That Guarantee a Depositor a Set