Which of the Following Is Not True About a Certificate

question 87

Multiple Choice

Which of the following is not true about a certificate of deposit (CD) ?

• A)It pays higher interest than a saving account
• B)Are only offered in denominations of $100,000 or more
• C)It is not as liquid as a savings account
• D)Funds are locked in for specific periods of time

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Definitions:

Coefficient of Determination

Represents the ratio of explained variance by the model to the total variance, indicating the model's explanatory power.

Coefficient of Correlation

A rephrased definition of the correlation coefficient, highlighting its role in measuring the degree of correlation between two variables.

Sum of Squares

A statistical measure that quantifies the total deviation of each data point from the mean, squared and summed up.

Regression Analysis

A statistical technique for estimating the relationships among variables, often used to predict the value of a dependent variable based on the value of one or more independent variables.