When liquidating a traditional certificate of deposit (CD) prior to maturity, the owner:?

A. ?must repay the interest due on the CD.
B. ?must return it to the issuing institution.
C. ?must refund the difference in the face value and market value of the CD to the issuing institution.
D. ?must claim the interest earned by the bank by investing the CD amount.
E. ?must deposit the amount equivalent to the CD amount in a savings account with the same bank.


Answer: B

Business

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