In what ways does a certificate of deposit (CD) differ from a savings deposit?
What will be an ideal response?
Unlike savings deposits, CDs have specified maturities. Banks penalize savers who withdraw funds prior to maturity. CDs are less liquid than savings deposits but pay a higher rate of interest.
You might also like to view...
Based on the information in the table, what is the unemployment rate?Population 16 and older1,000,000Participation Rate80%Employed Workers720,000
A. 10.0% B. 8.0% C. 28.0% D. 7.2%
Refer to Table 12-4. If the market price is $45, the firm
A) will earn profit of $1,040. B) will suffer a loss of $200. C) earn a profit of $3,600. D) will break even.
The principal argument against comparable worth is that:
a. men and women differ largely in terms of their productivities. b. market does not function correctly and leads to inefficient allocation of resources. c. market allocates scarce resources to their most valued use in the most efficient manner. d. demand and supply do not allocate workers to where they are needed the most. e. legislation by the government are often appropriate as it processes all the available information correctly.
There were large decreases in productivity during
A. the 1990s and early 2000s. B. the late 1980s. C. the late 1970s and the 2010s. D. the 1950s and 1960s.