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A certificate of deposit is a type of savings account that pays 1-an increasing rate of interest on funds left on deposit for a certain

A certificate of deposit is a type of savings account that pays

1-an increasing rate of interest on funds left on deposit for a certain period of time.

2-a fixed rate of interest on funds left on deposit for a certain period of time.

3-a lower rate of interest the higher the maturity period.

4-the same rate of interest regardless of the maturity period.

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