Pick the advantage of a certificates of deposit from this list of possibilities

A) The interest paid is compounded daily.
B) Early withdrawals after 30 days do not incur a penalty.
C) Interest rates are generally higher than typical savings accounts.
D) They earn the APY and not the APR.


Answer: C

Business

You might also like to view...

Herzberg’s two-factor theory states that achievement, recognition, and responsibility are all examples of ______.

A. influence factors B. motivators C. dissatisfaction D. hygiene factors

Business

What are the three types of persuasive claims in persuasive speaking? Explain how each one can be applied to a persuasive topic on texting and driving.

What will be an ideal response?

Business

Scrum uses a series of coordinated ________ to manage the development process.

Fill in the blank(s) with the appropriate word(s).

Business

Rashi is a student at State University. In need of funds to pay for tuition and books, Rashi asks Tiempo Loans, Inc, for a short-term loan. The lender agrees to make a loan if Rashi will have someone who is financially responsible guarantee the loan

payments. Umberto, a well-known businessperson and a friend of Rashi's family, calls Tiempo and agrees to pay the loan if Rashi cannot. Because of Umberto's reputation, the loan is made. Rashi is making the payments, but because of illness he is unable to work for one month. He asks Tiempo to extend the loan for three months. The lender agrees, raising the interest rate for the extended period. Umberto is not notified of the extension (and thus does not consent to it). One month later, Rashi drops out of school. All attempts to collect the remainder of the loan from Rashi fail. Can Tiempo assert a claim against Umberto on the debt?

Business