A Large Denomination Time Deposit Is

question 271

Multiple Choice

A large denomination time deposit is

• A)money in a passbook savings account.
• B)an S & L share.
• C)any money left on deposit in a bank for over one year.
• D)any deposit of at least $100,000 left on deposit at a bank for a specified period of time.

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Definitions:

Long-Term Investments

Investments in securities, bonds, real estate, or other assets intended to be held for a period exceeding one year for capital gains, dividends, or interest earnings.

Balance Sheet

A summary report of a corporation’s assets, liabilities, and the owners’ equity as recorded at a specific moment in time.

Stock Investments

Securities representing ownership in a corporation or financial assets bought with the expectation they will generate a return.

Investment Expense

Costs associated with the purchase and management of investments, such as fees, advisors' charges, and other related expenses.