If you think that rates will fall in the future, you should buy a long-term CD to lock in your rate now.

Name: If you think that rates will fall in the future, you should buy a long-term CD to lock in your rate now.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If rates are expected to fall, buying a long-term CD now would ensure you lock in the current higher rate for the entire duration of the CD term. This would be beneficial as you would earn more interest compared to the lower rates in the future.

If You Think That Rates Will Fall in the Future