A Savings Alternative That Pays a Fixed Rate of Interest

question 40

Multiple Choice

A savings alternative that pays a fixed rate of interest while keeping your funds on deposit for a contracted period of time that can range from 30 days to several years is called a

• A)demand deposit.
• B)negotiable order of withdrawal deposit.
• C)term deposit.
• D)certificate of deposit.
• E)None of the above are correct.

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Definitions:

Monopolist

An individual or entity that holds a monopoly in a market, being the sole provider of a particular product or service, facing no direct competition.

Geographic Location

The specific physical positioning or area of an entity on the Earth's surface.

Price Discrimination

The strategy of selling the same product to different buyers at different prices based on buyers' willingness to pay, not differences in production costs.

G-rated Movies

Films that are deemed suitable for all audiences, including children, by the Motion Picture Association.