A Time Deposit with a Fixed Maturity Date Offered by Banks

question 232

Multiple Choice

A time deposit with a fixed maturity date offered by banks is called a

• A) checking account.
• B) savings deposit.
• C) small-denomination certificate of deposit.
• D) corporate bond.

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Definitions:

Vertical Integration

A strategy where a firm expands its operations into different stages of production or distribution within the same industry.

Strategic Alliance

A formal pact made between multiple parties to achieve common aims, notwithstanding their continuing independence as organizations.

Acquisition

The process of obtaining control of another company by purchasing it or merging with it.

Achieving Legitimacy

The process of gaining acceptance, credibility, and recognition within a particular context or among a specific audience.