Which CD Starts with a Higher Rate,has a Long Time

question 77

Multiple Choice

Which CD starts with a higher rate,has a long time to maturity,and can be retired by the bank after a set time period?

• A)bump-up
• B)indexed
• C)callable
• D)global
• E)promotional

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Definitions:

Holographic

Referencing a document, especially a will, entirely written in the handwriting of the person whose signature it bears, often exempt from normally required formalities.

Nuncupative

Pertains to a will that is declared orally by the testator in the presence of witnesses, usually under circumstances where a written will cannot be produced.

Prudence

Exercising caution or care in the management of resources or decision-making to avoid unnecessary risks.

Loyalty

A strong feeling of support or allegiance to a person, group, or cause.