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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
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 thepredictability of its interest rate, which allows the saver to accurately anticipate his or her expected earned interest income. An important characteristic of a variable-rate CD, on the other hand, is its interest rate's ability to keep pace with changes in
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