Which of the Following Is True Regarding Guaranteed Investment Certificates

question 55

Multiple Choice

Which of the following is true regarding guaranteed investment certificates (GICs) ?

• A)The longer the term,the lower the interest rate paid,all else equal.
• B)All banks offer the same rates on GICs.
• C)Early withdrawals of money are not subject to a penalty.
• D)Much higher interest rates (than competitors)would likely reflect higher risk.

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Definitions:

Territoriality

The behavior by which an organism defends a specific area or territory against intrusion, often associated with claiming resources or mating opportunities.

Satellite Behavior

A strategy where an individual remains close to another to capitalize on mating opportunities without directly engaging in territorial defense or courtship.

Conditional Strategy

A strategy that individuals adopt based on the specific conditions or circumstances they face, allowing for flexibility in behavior to maximize survival or reproductive success.

Bluegill

A species of freshwater fish known for its distinctive blue coloring on the gill and face, popular with anglers and found in many North American waters.