Which of the Following Is True Regarding Guaranteed Investment Certificates

question 97

Multiple Choice

Which of the following is true regarding guaranteed investment certificates (GICs) ?

• A)The longer the term, the lower the interest rate paid.
• B)All banks offer the same rates on GICs.
• C)Early withdrawals of money are not subject to a penalty.
• D)The investment of large amounts will pay higher interest than lower amounts.

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Definitions:

Visceral Peritoneum

The inner layer of the peritoneum that covers the external surfaces of most abdominal organs, providing a slippery surface that allows the organs to move against each other without friction.

Plane of Section

An imaginary flat surface that divides the body or an organ into different sections, used in anatomical descriptions and dissections.

Tarsal Region

Refers to the cluster of seven articulating bones in the foot located between the lower leg and the metatarsals.