Which of the Following Is True of a Traditional Certificate

question 75

Multiple Choice

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

• A)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.

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Definitions:

Political Pressure

The use of influence, persuasion, or coercion by individuals or groups to affect governmental decision-making or policy outcomes.

Environmental Problems

Issues affecting the natural environment, often due to human activities, that result in negative impacts on ecosystems and human health.

Politically Weak

A condition or state in which an individual, group, or nation lacks political power, influence, or effective control.

Hispanic Americans

A term used to describe people in the United States who are descendants of individuals from Spanish-speaking countries, particularly from Latin America and Spain.