A Savings Alternative That Pays a Fixed Rate of Interest

question 40

Multiple Choice

A savings alternative that pays a fixed rate of interest while keeping your funds on deposit for a contracted period of time that can range from 30 days to several years is called a

• A)demand deposit.
• B)negotiable order of withdrawal deposit.
• C)term deposit.
• D)certificate of deposit.
• E)None of the above are correct.

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Definitions:

Self-report Inventories

Psychological tests where individuals provide subjective information about themselves, often used to assess aspects like personality, emotional states, and interests.

Objective Approach

A manner of studying or solving a problem that is based on facts and evidence, without letting feelings or opinions influence the conclusions.

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Case Study

An in-depth investigation or analysis of a single individual, group, or event to explore the dynamics and outcomes within a specific context.