When liquidating a traditional certificate of deposit (CD) prior to maturity, the owner:
A. must repay the interest due on the CD.
B. must return it to the issuing institution.
C. must refund the difference in the face value and market value of the CD to the issuing institution.
D. must claim the interest earned by the bank by investing the CD amount.
E. must deposit the amount equivalent to the CD amount in a savings account with the same bank.
Answer: B
You might also like to view...
Organized intelligence should systematize the collection and analysis of internal information
Indicate whether the statement is true or false
The objective of segment profitability decisions is to identify the segments that have a negative segment margin so that managers can drop them or take corrective actions
Indicate whether the statement is true or false
Everyone ____ Bill attended the company retreat
A) except B) accept
You have just been assigned to oversee a series of projects. Functional areas will loan you personnel for each project, and separate project managers will be responsible for separate projects. These project managers will report to you. Which project management structure is being used?
A. Matrix project B. Task force C. Functional project D. PERT E. Pure project