Answer: it can be purchased for different amounts.
Explanation:
A Certificate of Deposit is a financial services product normally offered by banks where a person agrees to leave a certain amount of money with the bank for a stated period of time.
These products give the bank a chance to invest in projects knowing that the cash will not be withdrawn haphazardly and so they offer higher amounts of interest than most other products.
One advantage is that there is no set amount for a CD and it can be purchased for different amounts.
