Finc 425 mock cfp Study guides, Class notes & Summaries
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FINC 425 Mock CFP
- Exam (elaborations) • 23 pages • 2023
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Which of the following is correct regarding certificates of deposit (CDs)? 
 
 A. CDs are short-term securities that may be bought or sold in the open market at a market-determined price. 
B. CDs typically invest in high-quality, short-term investments, such as commercial paper, T-Bills, and money market funds. 
C. CDs are known as "time deposits". 
D. The financial institution pays a variable rate of interest for the term of the CD. - Answer- C. CDs are known as "time deposits". 
 
All b...