Which of the following is not true regarding certificates of deposit (CDs)?
A) The longer the term, the higher the interest rate paid.
B) All banks offer the same rates on CDs.
C) Early withdrawals of money are subject to a penalty.
D) The investment of large amounts will pay higher interest than lower amounts.
Answer: B
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Markets with a segment of very wealthy consumers, but high income disparity, present few opportunities to marketers
Indicate whether the statement is true or false
Roger, a lawyer, borrowed money from Jax to start a business. He gave a promissory note to Jax promising to pay the money back anytime within the next five years. But in order to accept the note, Jax demanded a security deposit
Roger gave the gold that he owned as security. Roger in turn demanded that a specific clause be added to the promissory note to allow faster repayment of the loan in case he inherited money within the next five years. But even after five years, Roger was unable to complete payment. He made a new promissory note promising to finish payment within the next year, and promised to provide free legal service to Jax for the next two years. Which of the following is true of the validity of the new promissory note made by Roger? A) It must contain interest on the old principal to become a valid instrument. B) It must contain a specific date or time to be considered valid. C) It is a nonnegotiable instrument. D) It is a negotiable instrument if Jax accepts it.
In Weyerhaeuser v. Ross-Simmons Hardwood Lumber the Supreme Court held that Weyerhaeuser was selling lumber at below cost in an effort to get a larger market share and so violated the Robinson-Patman Act
a. True b. False Indicate whether the statement is true or false
One of the drivers of the direct-to-store (direct distribution) approach is the decrease in trucking industry regulation.
Answer the following statement true (T) or false (F)