Small Time Deposits Are Characterized by All of the Following

question 40

Multiple Choice

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

• A) they have denominations are less than $250,000.
• 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:

Commonalities

The aspects, characteristics, or features that are shared among different people, groups, or things, pointing to a likeness or sameness.

Charles Darwin

A 19th-century naturalist best known for his contributions to the evolutionary theory, proposing that species evolve over time through natural selection.

Partial Reinforcement

A conditioning schedule in which only some responses are reinforced, often leading to more resistant behavioral patterns.

Respondent Behavior

A reaction to a stimulus in the environment that is learned through classical conditioning.