If a University Student Invests in a 90- Day Certificate

question 58

True/False

If a university student invests in a 90- day certificate of deposit (CD) at 6.5% per annum, then market yields on CDs rise to 7.0% and the student tries to sell the CD, she will suffer a capital loss.

---

Definitions:

Biological Factors

Genetic, neurological, and physical conditions that affect human behavior and physical health.

Gender Constancy

The understanding that one's gender is fixed and does not change over time, typically developed by age 6 or 7.

Independently

The capability of doing something without being directed or influenced by other people.

Compliantly

Acting in accordance with rules, orders, or instructions; showing a willingness to follow demands or requests.