Which of the following words best completes the sentence to make it meaningful?

"CDs usually offer higher interest rates, but they are time deposits and have ............... for early withdrawal."

Question

Which of the following words best completes the sentence to make it meaningful?

"CDs usually offer higher interest rates, but they are time deposits and have ............... for early withdrawal."

Accepted Answer

**Solution:**

1. The sentence states that CDs offer higher interest rates, which is a positive aspect.

2. The word "but" indicates a contrast or drawback follows.

3. The blank should be filled with a word that reflects a disadvantage related to early withdrawal from CDs.

4. Among the options, "penalties" fits perfectly as it implies a cost or fee imposed for withdrawing funds early.

5. Other options like "gifts," "lucrative," and "casualties" do not logically fit the context.

**Answer:** "penalties"

Answer

Answer

Answer