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Compare Savings, Money-Market Deposit, and Certificate Accounts
Grade Level
DSST
DSSTPF.202 Compare Savings, Money-Market Deposit, and Certificate Accounts
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🔴 Hard
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A saver asks why a CD can be both insured and still risky for a short-term cash need. Which response is best?
A
Deposit insurance guarantees the highest APY
B
A CD cannot be insured if it has a penalty
C
Deposit insurance addresses institution failure up to limits, while the CD still has liquidity and penalty risk before maturity
D
Liquidity risk disappears whenever an account is at a bank
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