Which of the Following Is Not True Regarding Certificates of Deposit

question 25

Multiple Choice

Which of the following is not true regarding certificates of deposit (CDs) ?

• A) The longer the term, the higher the interest rate paid.
• B) All banks offer the same rates on CDs.
• C) Early withdrawals of money are subject to a penalty.
• D) The investment of large amounts will pay higher interest than lower amounts.

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Definitions:

Graph

A visual representation of data points, functions, or mathematical relationships on a set of axes.

Consistent

In terms of systems of equations, it describes a system that has at least one solution.

Infinite Solutions

A situation where an equation or system of equations has an unlimited number of solutions.

Consistent

In mathematics, it refers to a system of equations that has at least one solution; in a general context, it means steady or continually the same.