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3 February, 02:58

Which investment is a certificate of agreement between a borrower and a lender in which the borrower agrees to pay the lender a fixed rate of interest over a certain period of time?

a bond

a certificate of deposit (CD)

a mutual fund

a stock

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Answers (1)
  1. 3 February, 04:48
    0
    The correct answer is a certificate of deposit (CD).

    Explanation:

    A certificate of deposit is an agreement between a borrower and a lender where for a fixed period of time interest will be generated in favor of the lender.

    The fixed time periods for this type of agreement are 3, or 6 months, or 1 or 5 years.

    The longer the time in which the deposit remains fixed, the interest received will be greater.
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Home » History » Which investment is a certificate of agreement between a borrower and a lender in which the borrower agrees to pay the lender a fixed rate of interest over a certain period of time? a bond a certificate of deposit (CD) a mutual fund a stock
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