All categories

3 years ago

A certificate of deposit pays a higher interest rate than a savings account because the money is

Social Studies

2 answers:

mars1129 [50]3 years ago

7 0

Answer:

A certificate of deposit pays a higher interest rate than a savings account because the money is saved in the account for a fixed period of time, which cannot be withdrawn until the maturity date.

Explanation:

A certificate of deposit is known to be a type of account in which depositors save money with a financial institution for a fixed period of time. Thus, the account holder cannot withdraw the money until the fixed date of withdrawal which is the maturity date. As a result, this type of account gets a higher interest rate from the bank than a normal savings account.

Elina [12.6K]3 years ago

6 0

not able to be accessed until the maturity of the certificate of deposit without a penalty.

A savings account lets you make withdrawls anytime you want.

You might be interested in

Answer the following:1. What changes in the 1970’s led up to the 2008 financial crises? 2. What were some of Mark Baum’s critici

Sonja [21]

Answer:

1-The participation of commercial banks in the United States financial system fell from 39% to 25%, while that of investment funds increased from 22% to 47%.

2-Making investment decisions by independently observing the fundamentals of individual companies is no longer a viable investment philosophy.

3-Michael Burry experienced a bubble in passive investment.

4-Triple AAA mortgage banks were a scam and wanted to bet against them

5-There are enough people to buy the bonds with 2% mortgages

6-After the outbreak of the real estate bubble in the United States, there was the deepest slowdown since the Great Depression, and that served to make people aware of the damage that can cause real estate collapse.

7-Modern mortgages are formed by different tranches, AAA is paid first, B is paid last and suffers the payments before.

8-An obligation secured by debt through debt is a type of financial product structured and backed by ABS-type financial assets (asset-backed security). These types of securities were developed for corporate debt markets, but over time the CDO expanded further to also include mortgages and mortgage-backed securities ("MBS").

9-The lack of professional ethics and conflicts of interest are continually on the agenda.

10-Mortgages / Sales; GDP / Social Security Affiliation / House prices; Land / Housing Prices; Mortgage rates / Official price of money; Rental

eleven.

13-The rise in oil prices, rising inflation, credit stagnation.

14-The liquidity crisis of September 2008 became a crisis in the United States and around the world, due to the decision of Lehman Brothers Holdings Inc. to declare bankruptcy, the acquisition of Merrill Lynch by the Bank of America, and the concern for the American International Group (AIG) that needed the company to be rescued by the Federal Reserve.

15-Given the magnitude of the real estate market and the enormous size of the shadow banking system and the toxic financial instruments that it spreads, the real estate and financial crisis had a huge impact on the entire US and international economy, which flooded business balances of the world with bad assets or of uncertain quality.

Explanation:

3 0

3 years ago

The ____ proved that a quick route was needed between U.S. east and west coasts. a. sinking of the Maine c. rebellion in Cuba b.

marshall27 [118]

The correct answer is letter B

Spanish-American War the conflict between Spain and the United States in 1898, culminating in the capture of Cuba, Puerto Rico and the Philippines under Spanish rule. With the exception of the War of Independence and the War of 1812, both waged against their former metropolis, Great Britain, this was the first American war against a European nation.

The conflict, which lasted approximately eight months, was also the United States' first major military victory over a foreign power. This war once again signaled Spanish decay as a world power and catapulted the United States to the forefront of global political disputes.

3 0

3 years ago

Read 2 more answers

What does the Sixth Amendment’s right to counsel guarantee an accused criminal to?

Dahasolnce [82]

The correct answer is the right to a speedy trial.

The 6th amendment of the US Constitution guarantees this right for multiple reasons. For one, it ensures that all individuals have the ability to have their cases heard relatively soon after the accussation occured. Another reason for this amendment was to create a judicial process that is as accurate as possible. The greater distance between an arrest and a trial can result in misinformation, especially from eye witnesses.

7 0

3 years ago

As a ct air mass advances into the same area as an mp air mass, what can be expected to happen?

kow [346]

As a Continental Tropical air mass advances into the same area as a Maritime Polar air mass, It is expected that the Continental Tropical air mass will rise over the Maritime Polar air mass and erode it from the top-down

This refers to the huge body of air in the lower atmosphere that has similar temperature, humidity and air pressure at any given height.

At any location, as the Continental Tropical air mass advances into the same area as a Maritime Polar air mass, It is expected that the Continental Tropical air mass will rise over the Maritime Polar air mass and erode it from the top-down