A Time Deposit That Is Non-Negotiable but Allows a Depositor

question 61

Multiple Choice

A time deposit that is non-negotiable but allows a depositor to switch to a higher interest rate if market interest rates rise is called 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:

Labour Force

The total number of people available to work, including both the employed and the unemployed.

Equipment Intensive

Describes operations, industries, or activities that require a significant amount of machinery, tools, or equipment to produce goods or services.

Small-batch Production

A manufacturing process that involves producing goods in small quantities, allowing for greater flexibility and customization.

Worker Skill

The expertise, abilities, and competencies that a worker possesses, which determine their capability to perform tasks efficiently and effectively.