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Dmitry_Shevchenko [17]
2 years ago
8

A savings account is called a(n) deposit because the bank can require you to make prior notice before withdrawal.

Business
1 answer:
Angelina_Jolie [31]2 years ago
6 0

A savings account is called a time deposit because the bank can require you to make prior notice before withdrawal.

What is a time deposit?

The time deposit means a deposit kept in bank's custody which cannot be withdrawn before a particular date or can only withdrawn by notifying the bank of the withdrawal date well ahead.

The most common example of time deposit is the certificate of deposit(CD), which is the document issued to a depositor stating the amount that has been deposited, the duration of deposit, the interest rate applicable including the earliest date upon which withdrawal from the account can be initiated or executed.

In this case, the missing word is time, which when combined with deposit gives time deposit.

Find out more about the mechanics of time of deposit on:brainly.com/question/25787382

#SPJ1

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The financial model that measures the current value of all cash inflows and outflows using management's minimum desired rate of
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Net present Value (NPV)

Explanation:

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Identify and explain three reasons that an artist would elect to present content through abstract or non-representational form,
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3 years ago
The Nixon Corporation’s common stock has a beta of 1.3. If the risk-free rate is 4.4 percent and the expected return on the mark
Xelga [282]

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11.68%

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= 4.4% + 1.3 × 5.6%

= 4.4% + 7.28%

= 11.68%

The (Market rate of return - Risk-free rate of return)  is also called market risk premium

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Someone who wouldn't choose to pay for a certain good or service but who'd get the benefits of it anyway is the best definition given to be the answer to this question.

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