Which of the following is true of a traditional certificate of deposit (CD)?
A. Traditional CDs must be kept at the issuing institution for a specified time period.
B. Traditional CDs pay no periodic interest.
C. Traditional CDs are repaid in installments by the issuing bank.
D. Traditional CDs have a floating rate of interest.
E. Traditional CDs are discounted when their market price is more than issue price.
Answer: A
You might also like to view...
Internal controls for cash payments apply to payrolls
a. True b. False Indicate whether the statement is true or false
The purpose of a strike is to increase the employer's cost of disagreeing with the union's demands by depriving the employer of its profit-generating ability.
Answer the following statement true (T) or false (F)
An amount would not appear opposite the dividends account in which of the following work sheet columns?
A) Trial Balance B) Income Statement C) Balance Sheet D) Adjusted Trial Balance
In relation to an ordinary annuity paid in any given year, an annuity due is
A) a larger amount. B) a smaller amount. C) an equal amount. D) an unrelated amount