A Characteristic of Negotiable Certificates of Deposit Is

question 3

Multiple Choice

a characteristic of negotiable certificates of deposit is:

• A) they are mostly available in small denominations.
• B) they can be sold in the open market prior to maturity.
• C) a penalty is imposed if the depositor withdraws funds prior to maturity.

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Definitions:

Aggregate Demand

Represents the total demand for all goods and services in an economy at various price levels, within a specific time frame.

Stagflation

A contraction, or stagnation, of a nation’s output accompanied by inflation in the price level.

Aggregate Demand

The sum of the need for all products and services in an economy at a certain price level during a specific time frame.

Unemployment

The condition of someone of working age who is willing to work, but unable to find employment.