Which of the Following Is True of a Certificate of Deposit

question 46

Multiple Choice

Which of the following is true of a certificate of deposit?

• A)They are accounts at savings and loan associations.
• B)The funds in this deposit account are not given out in the form of loans.
• C)The funds in this account must be deposited for a specified period of time.
• D)The value of the deposit should be more than $100, 000.
• E)The deposits earn very little or no interest.

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Definitions:

Objective Right

A principle or standard of behavior that is universally accepted as correct or moral, independent of individual thought or opinion.

Ambiguity

The quality of being open to more than one interpretation; inexactness.

Conformity Effect

The tendency of individuals to align their attitudes, beliefs, and behaviors with those of a group.

Outnumbered

Being in a situation where the number of individuals on one side is considerably less than those on the opposing side, often leading to a disadvantageous position.