Eric Is Looking for a Place to Deposit a $30,000

question 129

True/False

Eric is looking for a place to deposit a $30,000 inheritance from his Great Aunt Clementine, who passed away three months ago. He is not planning to spend his money fast and frivolously. He will need part of the funds from time to time for his college education, which he promised his aunt. After speaking with several sales consultants in banking and nonbank institutions, he likes the fact that he can open a stock brokerage account and a money-market account at Securitas Investment Company (a nonbank company), and will be issued checks for paying bills. You remind him that with the recent mergers between banking and nonbank institutions, he may be able to find a company that provides both the convenience of banking services and low-risk/high-risk securities products.

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Definitions:

Corticosteroids

A class of steroid hormones that are produced in the adrenal cortex and are used in medicine to reduce inflammation and suppress the immune system.

Inflammation

A biological response to stimuli interpreted as harmful, leading to redness, swelling, heat, and pain in the affected tissues.

Varicose Veins

Distended veins that result when vein valves are destroyed and blood pools in the veins, causing these veins to dilate.

Elastic Stockings

Specially designed hosiery that exerts pressure on the legs to improve blood flow, often used to prevent or treat venous disorders.