In General,the Longer the Term of a Certificate of Deposit,the

question 39

Multiple Choice

In general,the longer the term of a certificate of deposit,the

• A) less safe it is.
• B) higher its interest rate.
• C) lower its value.
• D) lower its interest rate.
• E) higher its inflation rate.

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Definitions:

Operating Hours

The hours during which a business is open to customers, typically specified for workplaces, retail stores, or service providers.

Machine Purchase

The acquisition of industrial or office machinery, usually considered a long-term investment in assets.

Extraordinary Repair

Major repairs extending the useful life of an asset far beyond the normal maintenance.

Betterment

The act of improving or increasing the value of an asset or property through enhancements or upgrades.