What Is the Major Difference Between a Savings Deposit and a Time

question 11

Multiple Choice

What is the major difference between a savings deposit and a time deposit?

• A)savings deposits are less liquid
• B)savings deposits can usually be withdrawn on demand whereas time deposits may have a penalty for early withdrawal
• C)savings deposits can be withdrawn by writing a check
• D)savings deposits are not insured by the FDIC

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Definitions:

Keynesian Economic Policy

An economic theory advocating for government intervention in the economy through public policies that aim to achieve full employment and stable prices.

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Financial issues faced by several European countries due to excessive deficits and debt levels, notably affecting the Eurozone.

Internationally Recognized Solution

Solutions or agreements acknowledged and accepted by the global community, often established through international organizations or diplomatic consensus.

National Security Policy

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