Which of the Following Is True Regarding Guaranteed Investment Certificates

question 82

Multiple Choice

Which of the following is True regarding guaranteed investment certificates (GICs) ?

• A)The longer the term,the lower the interest rate paid,all else equal.
• B)All banks offer the same rates on GICs.
• C)Early withdrawals of money are not subject to a penalty.
• D)Much higher interest rates (than competitors)would likely reflect higher risk.

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Definitions:

Thick Myofilaments

Components of the muscle fiber responsible for muscle contraction, composed primarily of the protein myosin.

Myosin Molecules

Motor proteins involved in muscle contraction and movement by interacting with actin fibers within muscle cells.

Sarcolemma

The cell membrane of a muscle fiber that encloses its cytoplasm and all its components.

Skeletal Muscle

A type of striated muscle tissue connected to bones, primarily responsible for voluntary movement and controlled by the somatic nervous system.