The Value of the Determinant Is

question 99

Multiple Choice

The value of the determinant is

• A)-8.
• B)+8.
• C)-40.
• D)+40.

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Definitions:

Bankers' Acceptance

A short-term debt instrument issued by a company but guaranteed by a bank, often used in international trade.

Certificate of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate, issued by banks to individuals investing money for a fixed period of time.

Tax Bracket

Categories that tax rates apply to, which are based on levels of income; each bracket has a different tax rate associated with it.

Equivalent Taxable Yield

The yield on a tax-exempt security that would be required to produce the same after-tax yield as a taxable security, given an investor's tax rate.