Which of the Following Is Not True About Certificates of Deposit

question 30

Multiple Choice

Which of the following is not true about certificates of deposit (CDs) ?

• A) They pay higher interest than T-bills.
• B) They are long-term investments of two years or more.
• C) Funds are locked in for specific periods of time.
• D) A penalty is imposed for early withdrawal.

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Definitions:

Reward Power

The ability of an individual, such as a manager or leader, to influence others' behavior by controlling desired resources, benefits, or rewards.

Influence Tactic

Methods or techniques used by individuals or groups to affect or change others' behaviors, perceptions, or attitudes.

Agent's Reward

Compensation, recognition, or benefits given to an agent, representative, or employee for their work or achievements.

Referent Power

A form of influence that stems from an individual's ability to be admired and respected, leading others to identify with them.