Certificates of deposit:
A) tie up your money
B) have variable interest rates
C) are used to save for retirement
D) all of these choices

Question

Quizplus · Accepted Answer

Certificates of deposit tie up your money for a specific period of time, usually ranging from a few months to several years. They are not a good option if you need access to your money in the short term, but they can be a good choice for longer-term savings goals where you do not need immediate access to your funds.

Certificates of Deposit