1. A Certificate of Deposit (CD) is:
A. a good place to “store” your money until you figure out what you want to do with those funds.
B. basically a loan to a bank for a stated amount of money, a stated interest rate, and a stated period of time.
C. usually insured for up to $250,000 by FDIC insurance.
D. all of the above.
2. When it comes to loans, “the only good interest is”:
A. discount interest
B. add-on interest
C. simple interest
D. compound interest