Which CD Starts with a Higher Rate,has a Long Time

question 98

Multiple Choice

Which CD starts with a higher rate,has a long time to maturity,and can be retired by the bank after a set time period?

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

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Definitions:

Influence Peddling

The unethical practice of using one's position or connections to gain undue influence or advantages, often in a political or business context.

Direct Contact

A method of communication or interaction that involves face-to-face or direct interaction between individuals or entities without intermediaries.

CSR Outreach Program

Initiatives undertaken by a company to demonstrate its commitment to social responsibility, typically including community service, environmental stewardship, and engagement in local issues.

Affordable Care Act

A U.S. healthcare reform law enacted in 2010 that expanded insurance coverage and healthcare access while trying to reduce healthcare costs.