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Why is a certificate of deposit considered such a safe investment? It is guaranteed by the federal government. It is issued by a savings bank. It pays a relatively low rate of i…

Why is a certificate of deposit considered such a safe investment? It is guaranteed by the federal government. It is issued by a savings bank. It pays a relatively low rate of i…
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Why is a certificate of deposit considered such a safe investment?

It is guaranteed by the federal government.
It is issued by a savings bank.
It pays a relatively low rate of interest.
It cannot be redeemed whenever the investor wants the money.

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User Allesklar
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2 Answers

3 votes
It is issued by a bank it’s called a saving bond.
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User Jeroen Van Bergen
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3 votes

Answer: it is guranteed by the federal government

Step-by-step explanation:

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User Robert Winkler
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