Question: Which statement is TRUE regarding a step - down certificate of deposit? A The interest payment is fixed B The principal payment may be reduced

Which statement is TRUE regarding a "step-down" certificate of deposit?
A The interest payment is fixed
B The principal payment may be reduced
The interest payment may be reduced
The security may be "stepped down" to another smaller bank at the issuer's
discretion
Which statement is TRUE regarding a "step-down" certificate of deposit? A

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