The Maximum Maturity of Certificate of Deposits Is

question 10

Multiple Choice

The maximum maturity of certificate of deposits is

• A)185 days
• B)100 days
• C)95 days
• D)30 days

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Definitions:

Revenues

The sum of money a business acquires from selling goods or offering services over a certain time frame.

Households

Economic units that represent all individuals living in a single dwelling, sharing income and expenses; primary consumers in the economy.

Centrally Planned Economies

Economic models in which all decisions about what to produce and how to distribute goods and services are made by the government or a central body.

Resource Allocation

The process of assigning and distributing available resources to various uses in the most efficient way.