Which of these is a characteristic of certificates of deposit (cds)? they are always offered at variable rates. they last for a set period of time. they can be opened with any amount of money. they allow access to the money at any time without penalty.

A characteristic of certificates of deposit (CDs) is that they last for a set period of time.

Certificates of Deposits CDs, are a type of financial investment in which the invested amount is for a specified or given amount of time.

The specified time us determined by the financial institutions.

Any withdrawal before that given time attracts a penalty.

Therefore, a characteristic of certificates of deposit (CDs) is that they last for a set period of time.

Learn more about about Certificates of Deposits at:

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