BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ banks offer ____ interest rates when you invest certificates of deposits for a long time.
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Larger, higher
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Smaller, higher
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Larger, lower
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Smaller, lower
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Explanation:
Detailed explanation-1: -Compared to savings accounts or money market accounts, CDs potentially can offer higher interest rates on deposits. That’s because you agree to keep your money in the CD for a set time period. The interest rate and APY you earn depends on the bank, the CD term and the current interest rate environment.
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