WorksheetsCertificate of Deposit
Total questions: 10
Worksheet time: 5mins
Who sells the certificates of deposition?
banks and credit unions
the schools
the govermnent
FDIC
The certificate of deposit is the financial product with the highest risk
True
False
What happens when you withdraw your money before the mature date
You go to jail
You have to pay a penalty
You earn lots of money
The bank takes money from you
Do you need a CD account to open certificates
True
False
How much interest you can earn when the certificate ends
100%
3% - 4%
0.23% - 1.40%
5.25% - 10.0%
Why pepole buy certificates of deposit.
To save their money for a period of time
to borrow money
to earn money
to invest in accions
what costumers earn when they buy certificates of deposit
risk
nothing
interest
money
How much you have to pay when you get an early withdrawal fee
$1
%50 of your certificate of deposit
%10 of your certificate of deposi
$100,000
How much is the certficate of deposit insured by the goverment
$1000,000
1 million dollars
$250,000
$300
Is the CD account useful for long-term
True
False
