One advantage to buying a cd is that it can be purchased for different amounts. is high risk but comes with great rewards. can be used for long-term retirement. is high risk but backed by the government. the answer is a. can be purchased for different amounts.

The correct answer is A) They can be purchased for different amounts.

One advantage of buying a CD is that they can be purchased for different amounts.

CD’s or Certificates of Deposit usually pay more money compared with the money paid by standard savings accounts in the Banks. Certificate of Deposits has a redemption date –months, maybe years- for the investor to withdraw its money with the respective interest. The Certificates of Deposit are investments without risk, and are very affordable for investors.