Multiple Choice
Funds invested in a _____ should not be withdrawn for a stated period in order to avoid an interest penalty.
A) savings account
B) U.S. Treasury bill
C) checking account
D) negotiable order of withdrawal (NOW) account
E) certificate of deposit (CD)
Correct Answer:
Verified
Correct Answer:
Verified
Q88: INSTRUCTIONS: Choose the word or phrase in
Q89: A certified check is a personal check
Q90: An investor receives the highest interest rate
Q91: Compound interest means that a savings account
Q92: Alice lost her electronic funds transfer system
Q94: Low interest rates create economic distortions, especially
Q95: Low interest rates result in:<br>A) facilitating a
Q96: Mary has calculated her adjusted bank balance
Q97: The low interest rates after the financial
Q98: Nondepository institutions are referred to as banks.