Which of the Following Is True of a Traditional Certificate

question 133

Multiple Choice

Which of the following is true of a traditional certificate of deposit (CD) ?

• A) Money in traditional CDs must be kept at the issuing institution for a specified time period.
• B) Traditional CDs pay no periodic interest.
• C) Traditional CDs are repaid in installments by the issuing bank.
• D) Traditional CDs have a floating rate of interest.
• E) Traditional CDs are discounted when their market price is more than issue price.

---

Definitions:

Object Permanence

The concept that items maintain their existence even when they are out of sight, sound, or beyond sensory perception.

Motor Development

The progression of muscular coordination required for physical activities, influenced by genetic and environmental factors.

Developmental Milestones

Key stages in the physical, emotional, intellectual, and social development of humans, especially as observed in children as they grow.

Self-esteem

An individual's subjective assessment of their own worth or value.