Which One of the Following Statements Is Correct Concerning Large-Denomination

question 66

Multiple Choice

Which one of the following statements is correct concerning large-denomination certificates of deposit?

• A)The security can be sold to another investor.
• B)The face amount is equal to $10,000 or more.
• C)The security is a bank time deposit.
• D)The security is a form of a commercial check.
• E)The security is issued by the U.S. Treasury.

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Definitions:

Social Responsibility

The obligation of individuals, organizations, and businesses to act for the benefit of society at large, often encompassing ethical behavior and sustainable practices.

Philanthropic

Pertaining to the act of donating money, goods, services, or time to the needy, directly or through a charitable foundation.

Legal Obligation

A requirement enforced by law that mandates individuals or entities to act or refrain from certain actions.

Social Responsibility

The obligation of organizations to act in ways that benefit society and the environment beyond their immediate business interests.