If the Interest Rate on Bank CDs Increases, the Opportunity

question 169

True/False

If the interest rate on bank CDs increases, the opportunity cost of holding money increases.

---

Definitions:

Overwhelmed

Feeling unable to cope due to being swamped or excessively burdened by emotions, tasks, or problems.

Litany

A repetitive or prolonged series of complaints or grievances.

Compliments

Expressions of praise or admiration towards someone, often used to affirm positive qualities or achievements.

Flatter

To give excessive and insincere praise to someone, often to gain favor or advantage.