Which of the following is true of a certificate of deposit?
A) They are accounts at savings and loan associations.
B) The funds in this deposit account are not given out in the form of loans.
C) The funds in this account must be deposited for a specified period of time.
D) The value of the deposit should be more than $100, 000.
E) The deposits earn very little or no interest.
Correct Answer:
Verified
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