exact characteristics and terms of any CD in which you invest. Not all CDs are alike.

There are two major classes of CDs: flxed$-$rate and variable$-$rate instruments. How do they differ?

A fixed$-$rate $CD$ is characterized by an interest rate that an interest rate that over the life of the investment, while a variable$-$rate during its life.

Thinking about the characteristics of fixed$-$and variable$-$rate CDs from the perspective of a saver, complete the following statements.

An important characteristic of a fixed$-$rate $CD$ is the expected earned interest income. $$ of its interest rate, which allows the saver to accurately anticipate $r$

An important characteristic of a variable$-$rate $($ C$),$ on the other hand, is its interest rate's ability to keep pace with changes in $$