If You Think That Rates Will Fall in the Future

question 76

True/False

If you think that rates will fall in the future, you should buy a long-term CD to lock in your rate now.

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Definitions:

Deceptive Advertising

Marketing practices that mislead or misinform consumers about a product or service.

Learned Intermediary Rule

A legal doctrine that holds manufacturers of products to a duty of warning only the intermediary, such as a physician, rather than the end consumer.

Pharmaceutical Manufacturers

Companies involved in the discovery, development, and production of drugs and medications for medical use.

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, leading to unintended harm to others.