A Time Deposit That Has a Denomination Greater Than $100,000

question 102

Multiple Choice

A time deposit that has a denomination greater than $100,000 and is generally for wealthy individuals and corporations is known as a:

• A)negotiable CD.
• B)bump-up CD.
• C)step-up CD.
• D)liquid CD.
• E)None of the options is correct.

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Definitions:

Polygyny

A form of marriage in which one man is married to multiple women at the same time; it is the most common form of polygamy.

Bigamy

The act of marrying one person while still legally married to another, which is illegal in many jurisdictions.

Gay Marriage

The legal or socially recognized union of two people of the same sex.

Same Gender

Referring to individuals of the same sex or gender identity.