The Primary Difference Between Large (Jumbo) and Small Certificates of Deposit

question 54

Multiple Choice

The primary difference between large (jumbo) and small Certificates of Deposit, besides dollar amount, is:

• A)that jumbo certificates have a variable interest rate.
• B)that small certificates are considered to be risk-free.
• C)that there is no secondary market for small certificates of deposit.
• D)None of the above

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Definitions:

Rising Salt Dome

A geological formation where a column of salt moves upward through overlying sediments, often forming a dome-like structure.

Fault Zone

A fault zone is a region of the Earth's crust characterized by one or more faults, which are fractures along which there has been displacement of the sides relative to one another.

Unconformity

A surface within the rock record that represents a gap in the geological history due to erosion or non-deposition of sediments.

Petroleum

A naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons, used primarily as fuel and in chemical production.