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    Exam 12: Managing and Pricing Deposit Services
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    A Time Deposit That Allows for a Periodic Upward Adjustment
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A Time Deposit That Allows for a Periodic Upward Adjustment

Question 105

Question 105

Multiple Choice

A time deposit that allows for a periodic upward adjustment to the promised rate is called a:


A) negotiable CD.
B) bump-up CD.
C) step-up CD.
D) liquid CD.
E) None of the options is correct.

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