Fixed-Term Deposits

question 41

Multiple Choice

Fixed-term deposits:

• A)are funds that are available at call to depositors without penalty
• B)provide access to payment services
• C)have specified terms
• D)are also known as transaction accounts
• E)can be traded in the money market.

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Definitions:

Sensory

Relating to sensation or the physical senses; transmitting or perceiving stimuli or sensory information.

Long-Term Stores

Another term for long-term memory, it refers to the component of the memory system capable of storing large amounts of information indefinitely.

Short-Term

Pertaining to a limited time period, often implying immediacy or temporary nature.

Semantic Level

Pertains to the meaning or the interpretative aspect of communication or understanding, particularly in language and logic.