Which of the Following Is Not True About a Certificate

question 20

Multiple Choice

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

• A) They pay higher interest than T-bills.
• B) They are long-term investments of two years or more.
• C) Funds are locked in for specific periods of time.
• D) A penalty is imposed for early withdrawal.

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Definitions:

Oxygen Balance

A concept in chemistry that helps in assessing the degree to which an explosive can be oxidized; it measures the relative amounts of oxygen and combustible elements in a compound.

Explosive

A reactive substance that contains a great amount of potential energy and can produce an explosion when released suddenly, usually accompanied by the generation of light, heat, sound, and pressure.

Explosions

Explosions are rapid expansions of matter resulting in a quick release of energy, often accompanied by the production of heat, light, sound, and shock waves.

Oxygen Source

An entity or process that produces or supplies oxygen, necessary for the survival of most life forms on Earth.