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:

Dementia

A broad category of brain diseases that cause a long-term and often gradual decrease in the ability to think and remember.

Percent

A proportion or share in relation to a whole, represented as a part of one hundred.

Acetylcholine

A neurotransmitter in both the central and peripheral nervous system that plays an important role in muscle movement and cognitive processes.

Cognitive Decline

The gradual reduction in cognitive abilities, such as memory, thinking, and judgment, often associated with aging or neurological conditions.