Your Chartered Bank Is Offering a One-Year GIC with an Interest

question 29

Multiple Choice

Your chartered bank is offering a one-year GIC with an interest rate of two percent,and a one-year cashable GIC at one and a half percent.Term deposits are paying one percent.You have $10 000 to invest of which you feel $5000 is ample for emergency fund purposes.How should you invest your funds given the scenario above?

• A)$5 000 in the one-year GIC and $5 000 in a term deposit
• B)$5 000 in the one-year GIC and $5 000 in the one-year cashable GIC
• C)$10,000 in the one-year GIC
• D)$10,000 in the one-year cashable GIC

Understand the basic concepts and functions of inventory management.

Differentiate between various inventory systems and models, including P and Q systems.

Apply mathematical models to solve inventory problems, including EOQ and quantity discount problems.

Identify the components and calculations of inventory costs, including holding, setup, and ordering costs.

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Definitions:

SQ3R

A study method incorporating five steps: Survey, Question, Read, Rehearse, Review.

Study Method

An approach or technique used in learning to enhance comprehension, retention, and application of knowledge.

Neuroscience Perspective

An approach to understanding behavior and mental processes through the study of the brain, nervous system, and neurological functions.

Biopsychosocial Approach

A comprehensive model in healthcare and psychology, considering biological, psychological, and social factors in understanding and managing illnesses.