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olga_2 [115]
1 year ago
12

which account option features a note issued by a bank to a depositor for funds placed for a set period? certificate of deposit c

hecking savings money market
Business
1 answer:
SashulF [63]1 year ago
6 0

An account option which features a note that is issued by a bank to a depositor for funds placed for a set period of time is; A. certificate of deposit.

<h3>What is a certificate of deposit (CD)?</h3>

A certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account that is typically issued by a financial institution (bank) to its customers, wherein an amount of money (lump-sum) are left with the bank for a specific period of time, in exchange for an interest rate premium.

This ultimately implies that, a certificate of deposit (CD) pays a higher interest rate to its holder than other regular savings account because banks usually invest this money (lump-sum) in a business, so as to make profit.

Additionally, a bank's certificate of deposit (CD) is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000, so it's somewhat safer than other investment options.

In this context, we can reasonably infer and logically deduce that a savings account option which features a note that is issued by a financial institution (bank) to a depositor for funds that are placed for a set period of time is referred to as a certificate of deposit.

Read more on certificate of deposit here: brainly.com/question/28190396

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Suppose a firm in a competitive market produces and sells 150 units of output and earns $1,800 in total revenue from the sales.
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8 0
2 years ago
The rate established at the beginning of a period that uses estimated overhead and an allocation factor such as estimated direct
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Answer:

Predetermined overhead rate

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So according to the given situation, the first option is correct i.e. predetermined overhead rate

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3 years ago
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Answer:

The complete answers are below.

Explanation:

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