0:00
Hello.
00:02
The question is which of this is a characteristic of certificates of deposit? let me remind you that certificate of deposit is a savings product that earns interest on a lump sum.
00:23
So it's a fixed interest.
00:28
For a fixed amount of money, for a fixed period, for a fixed period.
00:33
Of time.
00:35
So basically we have fixed interest, fixed amount of money, and fixed a period of time.
00:56
For example, six months, fixed period of time.
01:06
Now let's look to answer options.
01:09
The first one, a, they are always offered variable rates.
01:14
So variable rates is not correct.
01:16
As i said, interest rate is fixed, so it's interest rate and it's fixed, so a is not correct.
01:24
B, they last for a set period of time...