Which of the following require the depositor to commit to leaving their investment in the bank for a certain period of time in exchange for higher interest rates?
Ans: certificate of deposit
Time deposits and certificate of deposit accounts are both accounts that the depositor has committed to leaving in the bank for a certain period of time in exchange for a higher rate of interest.
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The terms of trade are acceptable if the price is ________ the seller's opportunity cost and ________ the buyer's opportunity cost.
A. above, below B. below, below C. below, above D. above, above
An economist says: "The supply curve has two interpretations." What does the economist mean?
What will be an ideal response?
The price elasticity of demand depends on the
A) proportion of consumers' budgets spent on the good. B) number of available substitutes. C) extent to which the commodity is a luxury. D) all of the above.
A hostile takeover is one opposed by the firm’s existing management.
Answer the following statement true (T) or false (F)