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LUCKY_DIMON [66]
2 years ago
13

_______________________ that require the depositor to commit to leaving their funds in the bank for a certain period of time, in

exchange for a higher rate of interest are also called ________________. Demand deposits; certificates of deposit Certificates of deposit; time deposits Money market funds; time deposits Bonds; term deposits
Business
1 answer:
yuradex [85]2 years ago
3 0

Certificates of deposit that require the depositor to commit to leaving their funds in the bank for a certain period of time, in exchange for a higher rate of interest are also called time deposits Bonds.

  • An account designated as a time deposit is one that the depositor has agreed to keep in the bank for a specific amount of time in exchange for a greater interest rate.
  • A time deposit, sometimes known as a term deposit, is a fixed-term interest-bearing bank account.
  • In comparison to a typical savings account, it enables depositors to grow their money at higher interest rates.
  • Depositors have two options after the term is up: they can either withdraw their money or renew it and hold it for another term.

<h3>What is a CD certificate?</h3>
  • A certificate of deposit (CD) is a type of savings account where the issuing bank pays interest in exchange for holding a specified sum of money for a predetermined length of time, such as six months, a year, or five years.
  • When you cash in or redeem your CD, you receive the money you originally invested plus any interest.

Learn more about Certificates of deposit brainly.com/question/13803892

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Explanation:

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3 years ago
A firm is producing 24 units of output. At the 24th unit of output, marginal revenue is $5, and marginal cost is $4; at the 25th
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False.

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(1) Units produced = 24 units of output

At the 24th unit of output,

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A firm maximizes its profit at a point where the marginal revenue is equal to the marginal cost i.e. MR = MC.

It is clear from the above scenario that this firm doesn't stop at 24 units of output because at this point of production profit maximizing condition is not fulfilled which means MR ≠ MC.

This firm should stopped at 25 units of output where marginal revenue is equal to the marginal cost from the 25th unit of output.

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