Funds Invested in a _____ Should Not Be Withdrawn for a Stated

question 93

Multiple Choice

Funds invested in a _____ should not be withdrawn for a stated period in order to avoid an interest penalty.

• A) savings account
• B) U.S. Treasury bill
• C) checking account
• D) negotiable order of withdrawal (NOW) account
• E) certificate of deposit (CD)

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Definitions:

Home Wi-Fi Network

A wireless network set up within a home, allowing devices to connect to the internet and communicate with each other without the need for physical cables.

Ethernet Cable

A type of network cable used for wired networks to connect devices such as computers, routers, and switches.

Modem

A hardware device that converts data between digital formats used by computers and analog signals used on telephone lines, enabling internet connectivity.

Network

A system of interconnected computers, devices, and technologies designed to communicate and exchange data.