In the context of financial securities,certificates of deposit are issued by banks for a variable term.
Answer the following statement true (T) or false (F)
False
Certificates of deposit are offered by banks and other depository institutions like credit unions. They are similar to savings accounts but are issued for a fixed term—which could be as short as three months or as long as five years. See A-4: Your Investments: Building for the Future
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A trade discount is:
A. A term used by a seller to describe a cash discount granted to customers for prompt payment. B. Also called a rebate. C. A reduction in price for prompt payment. D. A term used by a purchaser to describe a cash discount given to customers for prompt payment. E. A reduction in selling price below the list price.
Which of the following changes is considered a source of cash when preparing a statement of cash flow?
A. An increase in property, plant, and equipment B. A decrease in accounts payable C. A decrease in inventories D. An increase in accounts receivable E. A decrease in accrued wages
Just-in-time systems make demands on layouts, including the need for:
A) distance reduction. B) increased flexibility. C) reduced space and inventory. D) cross-trained, flexible employees. E) all of the above
Retirees may remain in their homes while accessing the home equity for supplemental income through the use of a
A) reverse mortgage. B) shared appreciation mortgage. C) price level adjusted mortgage. D) decreasing term mortgage.