Which One of the Following Generally Pays Higher Rates of Interest

question 64

Multiple Choice

Which one of the following generally pays higher rates of interest than saving accounts?

• A) Money market deposit accounts
• B) Certificates of deposit
• C) Term loans
• D) Asset-based financing

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Definitions:

Insulation Job

A task or project aimed at applying materials to buildings or structures to prevent heat loss or gain, thereby improving energy efficiency.

Annual Fuel Bill

The total expense incurred for fuel consumption over the course of a year.

Interest Rate

The slice of a loan that incurs a charge as interest to the borrower, typically represented as an annual percentage of the remaining loan amount.

Zero Coupon Bond

A debt security that does not pay interest but is traded at a deep discount, offering profit at maturity when it is redeemed for its face value.