Which of the Following Is Not True Regarding Certificates of Deposit

question 25

Multiple Choice

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

• A) The longer the term, the higher the interest rate paid.
• B) All banks offer the same rates on CDs.
• C) Early withdrawals of money are subject to a penalty.
• D) The investment of large amounts will pay higher interest than lower amounts.

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Definitions:

Self-monitoring

The process of observing and regulating one's own behavior in social situations to fit social norms or expectations.

False Consensus

The cognitive bias of overestimating how much others share our beliefs, attitudes, and behaviors.

Narcissistic

Pertaining to, exhibiting, or characterized by narcissism, which is excessive self-focus, self-admiration, and a lack of empathy for others.

Self-esteem

The degree to which a person values themselves or feels worthy, which impacts their motivation and psychological well-being.