Bank a Offers a 2-Year Certificate of Deposit (CD)that Pays

question 35

Multiple Choice

Bank A offers a 2-year certificate of deposit (CD) that pays 10 percent compounded annually.Bank B offers a 2-year CD that is compounded semi-annually.The CDs have identical risk.What is the stated,or simple,rate that Bank B would have to offer to make you indifferent between the two investments?

• A) 9.67%
• B) 9.76%
• C) 9.83%
• D) 9.87%
• E) 9.93%

Recognize the exceptions to the Statute of Frauds' written requirement through concepts like partial performance.

Learn about the role and requirements of the Uniform Commercial Code (UCC) in contract law.

Discern the legal distinctions between types of beneficiaries in contracts.

Familiarize with historical legal precedents and cases relevant to contract law principles.

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Definitions:

Psychological Factors

Elements of human behavior that are influenced by the individual's mental state and can affect physical well-being and interaction with the environment.

Binge Eating Disorder

A condition marked by repeated instances of consuming vast amounts of food rapidly, frequently leading to a state of discomfort.

Compensatory Behaviors

Actions taken to counteract or make up for negative feelings or behaviors, often seen in eating disorders as attempts to manage weight or alleviate guilt from eating.

Overweight

A condition characterized by having more body weight than is considered normal or healthy for one's age, height, and body type.