What differentiates a savings deposit from a small-denomination certificate of deposit (CD)?
A. A savings deposit cannot be withdrawn before its maturity date without incurring a penalty; funds in a CD are available at any time with no interest penalty.
B. A CD has a fixed maturity date; a savings deposit can be withdrawn at any time.
C. All depository institutions accept savings deposits, whereas only a thrift institution can issue a CD.
D. Only a savings deposit is a time deposit.
Answer: B
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Identify the correct statement from the following
a. A worker's wage line and productivity line over his lifetime are parallel to each other. b. The wage line of a worker's lifespan is an upward sloping straight line. c. The productivity line of a worker's lifespan rises at a decreasing rate. d. A worker's wage is always equal to his productivity.
Branding allows monopolistically competitive firms to:
a. achieve allocative efficiency b. increase demand and profits. c. produce at the lowest marginal cost. d. achieve productive efficiency.
Recall that a linear demand curve has the form Q = A - BP, where P is price and A and B are positive numbers. Suppose that when price is $5 the amount demanded is 100 and the elasticity of demand is -2. What are the values of A and B?
What will be an ideal response?
Which of the following statements is false?
A. The Standard Oil trust forced its rivals out of business. B. The Clayton Act expressly exempted labor unions from prosecution under the Sherman Act. C. The judge in the Microsoft case concluded that the company used anticompetitive means to maintain a monopoly for its PC operating system software. D. The rule of reason originated in the ALCOA case of 1945.