What Is a Certificate of Deposit?
The video says three numbers describe every CD: the amount, the term, and the rate.
Video coming soon. The lesson video will appear here once it is published on YouTube.
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1.Which three numbers describe every CD?
The video says three numbers describe every CD: the amount, the term, and the rate.
2.What is maturity in a CD?
The video calls the end date maturity and the time until then the term.
3.What does the bank give in return for your promise to leave the money alone?
The bank can plan with your money for a known time, so it can promise a fixed rate.
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Education only. Not financial advice.