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:

Tacit Collusion

Collusion occurs when price- and quantity-fixing agreements among producers are explicit. Tacit collusion occurs when such agreements are implicit.

Quantity-fixing

The determination of the quantity of a product or service to be produced or provided, often in the context of collusive agreements or regulatory mandates.

Colluding

The act of cooperating or conspiring, especially in a deceitful way, often to fix prices or manipulate markets in a manner that is usually illegal.

Output Decisions

Refers to choices made by businesses about how much of a product to produce, based on factors like costs, demand, and competition.