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Guaranteed Investment Certificates (GICs)with Shorter Maturity Dates Tend to Pay

question 37

True/False

Guaranteed investment certificates (GICs)with shorter maturity dates tend to pay higher interest rates than those with longer maturity dates.

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Definitions:

Consequences

The results or effects that stem from specific actions, decisions, or policies, which can be positive, negative, or neutral.

Personal Standards

Individual beliefs and values that guide behavior and decisions, often reflecting what one considers important or acceptable.

Obligations and Responsibilities

Duties and liabilities that an individual or entity is required to perform or adhere to.

Property Tax Purposes

For property tax purposes refers to the valuation and assessment of real estate property to determine the amount of property tax owed to local government entities.

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