Laura Has a $100,000 Balance in Her Checking Account at Best

question 52

Multiple Choice

Laura has a $100,000 balance in her checking account at Best Bank, and she has purchased a certificate of deposit (CD) worth $50,000 issued by Best Bank. Laura is also thinking of investing $200,000 either in Best Bank or in Trust Bank. Which of the following is a suitable strategy for Laura if she wants her deposits to be completely insured?

• A) Laura should invest $200,000 in a money market deposit account (MMDA) of Best Bank.
• B) Laura should invest $100,000 in a money market deposit account (MMDA) of Best Bank and invest $100,000 in an asset management account of Best Bank.
• C) Laura should invest $100,000 in a money market deposit account (MMDA) of Best Bank and invest $100,000 in an asset management account of Trust Bank.
• D) Laura should invest $150,000 in a money market deposit account (MMDA) of Best Bank and invest $100,000 in an asset management account of Trust Bank.
• E) Laura should invest $150,000 in a money market deposit account (MMDA) of Best Bank and invest $200,000 in a money market deposit account (MMDA) of Trust Bank.

Understand the impact and ethics of corporate contributions to political causes.

Comprehend how ethical preferences are formed and their influence on decision-making.

Differentiate between virtue ethics, utilitarianism, and deontological ethics in the context of ethical decision-making.

Understand the differing perspectives on deviance, particularly the constructionist and positivist perspectives.

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Definitions:

Diuretic

A substance that increases urine production by the kidneys, helping the body eliminate excess fluid.

Acute Pain

A type of pain that is sharp and severe but temporary, often signaling that the body is experiencing or has experienced some form of tissue damage.

Kidney

A pair of organs in the vertebrate urinary system that function to filter blood, removing waste products and excess substances to form urine.

Enzyme

Biological molecules, typically proteins, that significantly speed up the rate of virtually all of the chemical reactions that take place within cells.