Small Time Deposits Are Characterized by All of the Following

question 29

Multiple Choice

Small time deposits are characterized by all of the following except:

• A)they have denominations are less than $100,000.
• B)they have substantial interest penalties for early withdrawal.
• C)banks can pay market interest rates on them.
• D)there is a substantial interest penalty for early withdrawal.
• E)they have a minimum maturity of 3 days.

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Definitions:

Frontal Lobes

The front part of the brain's cerebral hemispheres, involved in decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Complexity

The state or quality of being intricate or complicated, often referring to systems with multiple interrelated components.

Reticular Formation

A network of nerves in the brainstem that plays a crucial role in controlling arousal and consciousness.

Staying Awake

The state of remaining conscious and alert, refraining from sleep.