Roderick has made an investment in a credit union for a fixed term of four years. He receives a high interest rate on it. However, because of unexpected financial difficulties, Roderick is forced to cash in before the investment reaches its maturity and ends up incurring a heavy penalty. In the context of financial securities, Roderick has most likely invested in:
A. corporate stocks.
B. government securities.
C. certificates of deposit.
D. corporate bonds.
Answer: C
You might also like to view...
Personality trait theories are based on the assumption that each person has a set of consistent, enduring personal characteristics.
Answer the following statement true (T) or false (F)
Jimenez is an emergency medical technician. Medical personnel such as Jimenez are pro-hibited by state statute from working more than a certain num-ber of consecutive hours. One month, Jimenez works more than the legal limit. Jimenez can recover for A) the hours up to the statutory maximum but not more
B) ?the hours up to the statutory maximum and the extra hours. C) ?the hours up to the statutory maximum or the extra hours. D) ?nothing.
Fixed assets are often estimated incorrectly by the percent of sales method because
A) fixed assets are typically purchased in "lumps" and therefore do not increase proportionally with sales. B) fixed assets remain constant and the percent of sales method assumes all assets increase proportionally with sales. C) fixed assets are part of the capital budgeting process. D) fixed asset are very expensive.
In testing the difference between the means of two normally distributed populations, the number of degrees of freedom associated with the unequal-variances t-test statistic usually results in a non-integer number. It is recommended that you:
A. round to the nearest integer. B. change the sample sizes until the number of degrees of freedom becomes an integer. C. assume that the population variances are equal, and then use df = . D. None of these choices.