Although buying a Certificate of Deposit can earn your higher returns than a regular savings account, it can have the negative side effect of _________.. . . . a. . . Needing frequent transfers to stay active . . . b. . . Requiring a high initial investment . . . c. . . Being taxed when invested and when withdrawn . . . d. . . Having to be tied to a fixed rate saving account .
Out of the following choices, the negative side effect is requiring a high initial investment. The correct answer is B.
Although buying a Certificate of Deposit can earn your higher returns than a regular savings account, it can have the negative side effect of B. Requiring a high initial investment.
A certificate of deposit simony means a bank product that is used to earn interest for a period of time.
Certificate of Deposit can earn your higher returns than a regular savings account, it can have the negative side effect of requiring a high initial investment.
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