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Why does doing business in a country with a relatively unsophisticated economy result in increased costs?
Certificates of Deposit
Fixed-term financial instruments issued by banks that offer a fixed interest rate in exchange for keeping the deposit untouched for a predetermined period.
Orders to Pay
Instructions typically issued by a debtor authorizing their bank to pay a specified amount of money to a creditor on a certain date.
Certificate of Deposit
A Certificate of Deposit is a financial product offered by banks that provides an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period of time.
Bank
A financial institution licensed to receive deposits, offer loans, and provide various financial services to its customers.
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