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:

Critical Value

A threshold in hypothesis testing that defines the boundary beyond which the null hypothesis is rejected, based on the chosen significance level.

Regression Model

A statistical approach for estimating the relationships among variables.

Independent Variables

Variables in an experiment or model that are manipulated to observe their effect on dependent variables.

Degrees Of Freedom

The quantity of independent values or measures that can be allocated to a statistical distribution.