In the context of savings, identify a true statement.
A. Interest rates on savings accountshave typically been uniform across banks.
B. Online savings banks have often provided higher interest rates than traditional banks in recent years.
C. TheFederal Deposit Insurance Corporation is not eligible to insure deposits made in online savings banks.
D. TheFederal Deposit Insurance Corporation (FDIC)insures individual deposits up to $550,000 per account in FDIC-insured banks.
Answer: B
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Answer the following statements true (T) or false (F)
1. Extrinsic rewards can increase intrinsic motivation if the rewards are high. 2. The needs for competence and self-determination fall under extrinsic rewards. 3. Extrinsic rewards can both motivate and demotivate people. 4. Seniority-based pay encourages longevity and helps reduce turnover, but it also have encourage poor performers to stay with an organization longer. 5. Profit sharing is a system whereby managers agree to share the benefits of cost savings with staff in return for their contribution to the company’s performance.
Which of the following involves adjusting prices to account for the physical location of customers?
A) location-based pricing B) geographical pricing C) domestic pricing D) interior pricing E) captive pricing
One solution to overly legalistic, long contracts negotiated under traditional union- management labor relations is to:
A. decouple the implementation of contractual rights from the contract itself so that the contract only states the actual rights being protected. B. eliminate the traditional multi-step grievance procedure found in most union contracts. C. impose mandatory arbitration on the parties. D. use the contract to specify how wages, hours, and working conditions will be implemented but leave the actual terms out of the contract.
All of the following statements relating to accounting for international operations are true except:
A. Foreign exchange gains or losses can occur when accounting for international sales transactions. B. Gains and losses from foreign exchange transactions are accumulated in the Foreign Exchange Gain (or Loss) account. C. The balance in the Foreign Exchange Gain (or Loss) account is reported on the income statement. D. Foreign exchange gains or losses can occur when accounting for international purchases transactions. E. Gains and losses from foreign exchange transactions are accumulated in the Fair Value Adjustment Account and are reported on the balance sheet.