Which Is a CD That Offers a Higher Rate for Every

question 80

Multiple Choice

Which is a CD that offers a higher rate for every six months you are invested?

• A)Bump-up
• B)Indexed
• C)Callable
• D)Global
• E)Promotional

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Definitions:

Tort

A civil wrong or infringement of a right leading to legal liability, distinct from breach of contract.

Principal Liability

refers to the legal responsibility of a principal (an individual or entity) for the actions of their agents or representatives conducted within the scope of their agency or employment.

Principal/Employer-Agent/Employee Relationship

Refers to the legal bond between an employer who delegates tasks, and an employee who performs these tasks on the employer's behalf.

Negotiable Instrument

A written document signed by a person who makes an unconditional promise to pay a specific sum of money on demand or at a certain time to the holder of the instrument; an acceptable medium for exchanging value from one person to another.