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

---

Definitions:

Escrow Agent

A neutral third party responsible for holding and distributing funds or property until certain conditions are met in a transaction.

Real Property

Land and anything permanently attached to it, such as buildings and fixtures.

Insurable Interest

A legal requirement for obtaining insurance policies, stipulating that the policyholder must stand to suffer a financial or personal loss from the insured event.

Appraisal Clause

A provision in insurance policies allowing for a neutral party to determine the value of property or the extent of damage in case of disagreement.