1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Arte-miy333 [17]
3 years ago
8

A variety of different savings products are offered by financial institutions. Two of the most frequently sold savings investmen

ts are statement (or passbook) savings accounts and certificates of deposit (CDs). How do they differ? Read the following statements and classify each as to whether it applies to a statement savings account, a certificate of deposit, or both.
Certificate of Deposit Statement Savings Account
Statement
1. The interest rate can be either fixed or variable over the life of the account.
2. The account has no fixed maturity or end; if you maintain the minimum required balance in the account and the institution does not cease doing business, the account could earn interest over your entire lifetime.
3. The account often earns a higher interest rate than the rate earned on NOW and share draft accounts.
4. If you withdraw your funds prior to the account's specified maturity, it is possible to end up with less money than you originally deposited.
5. The account offers you greater flexibility with regard to the frequency and number of deposits and withdrawals.
Business
1 answer:
umka2103 [35]3 years ago
8 0

Answer:

A statement savings account can be drawn upon any time the customer requires cash (on demand).  The customer can also deposit cash into the account at any time.  The interest rate payable on the deposits is not fixed but fluctuates.  A statement savings account is opened for a life-time and there is no fixed time for the deposits to stay.

The duration for which the Certificates of Deposit will be saved is fixed.  A customer is not freely allowed to withdraw and deposit into the account. The customer withdraws at maturity.  The interest rate is fixed and cannot be altered.

1. Both

2. Statement Savings Account

3. Certificate of Deposit

4. Certificate of Deposit

5. Statement Savings Account

Explanation:

A statement (or passbook) savings account is an ordinary savings account opened in a bank for depositing and withdrawing money regularly as needed by the customer.  

A Certificate of Deposit (CD) is a fixed-term duration savings account, which is opened in a bank to enable the customer deposit some fixed amount that will not be withdrawn regularly by the customer until the maturity date.   CDs are called time deposits because of the fixed time the deposits must stay.

You might be interested in
Why is tikto* a cool app
sweet-ann [11.9K]

Answer:

Cause its addictive (at least for me)

Explanation:

I dont know why, Ill literaly go on and 30 minutes later Ill realize that ive only been scrolling and stuff.

4 0
3 years ago
. jarell is grocery shopping for his bbq cookout this weekend. he is grilling 1313lb. burgers and expects about 20 people. how m
anzhelika [568]

Jarell is grocery shopping for his bbq cookout this weekend. he is grilling 1313lb. burgers and expects about 20 people. 6.667 lbs. of ground beef should be purchased.

Jarrell should purchase 7 lbs of ground beef.

Number of attendees = 20

Fraction of burger per person = 1/3 lbs

Total fraction of burger required to feed 20 persons :

Number of attendees × fraction per person

20 × 1/3 = 6.667.

Grilling is a cooking method that applies dry heat to the surface of food, usually from the top, bottom, or sides. Grills typically use large amounts of direct radiant heat and are typically used to quickly cook meat and vegetables.

Almost all types of grilling on gas and/or charcoal grills can be divided into three cooking methods: direct, indirect, or combination. As the name suggests, method differences are determined as follows.

Learn more about grilling at

brainly.com/question/13973768

#SPJ4

7 0
1 year ago
Bramble's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlanta metropolitan area. The company's b
jolli1 [7]

Answer:

$15.51 per Double chocolate almond supreme

Explanation:

Calculate the standard cost for a pound of Mama Fran's double chocolate almond supreme cookies.

1. Standard Material Cost (Ratio Denominator = 10 +  5  + 1 = 16)

Std. Mat Cost = 10 Ounces /16  * $0.80   +   5 Ounces /16* $6  + 1/16* $18

Standard Material Cost = $3.5 per Double chocolate almond supreme

2. Standard Direct Labor Cost

Std. Labor Cost = 1 /60 Hours * $12.7 per Hour + 7/60 Hour * $19 per Hour

Std. Labor Cost = $2.4283 per Double chocolate almond supreme

3. Standard Variable Overhead Cost

Std. Variable OH. Cost = 6/60 Hours * $35.8

Standard Variable overhead cost = $3.58 per Double chocolate almond supreme

4. Standard Fixed Overhead Cost

Std. Fixed Overhead per cake = 6/60 Hours * $60 per Hour

Standard Fixed overhead cost = $6 per Double chocolate almond supreme

Now Standard cost for a pound is calculated as under:

Standard cost for a pound = 2.9375 + 2.4617 + 3.70 + 6

Standard cost for a pound = $15.51 per Double chocolate almond supreme

8 0
3 years ago
The Grow Your Garden seed company recently conducted a situation analysis. It decided on its marketing goals too. What is its ne
zhannawk [14.2K]

Answer:

To plan effective strategies and specific tactics to accomplish the strategic objectives

Explanation:

Since the company has conducted situational analysis and chosen its marketing goals the next logical step is to plan effective strategies and specific tactics to accomplish the strategic objectives. Both situational analysis and marketing goals are needed in order to understand who to target and what to aim for. Once a company has this, they need to plan a course of action in order to accomplish those goals as effectively as possible.

3 0
3 years ago
You have just been offered a promotion that your friend and coworker, Crystal, has been hoping for. Crystal knows that you had a
zavuch27 [327]

Answer:

Indirect

Explanation:

Since in the question it is mentioned tat you just promoted also at the same time you know that Crystal would be upset at the time when she heared the promotion news but she is the good friend and need to be honest so here the  indirect strategy should be used rather using the direct strategy

Therefore the first option is correct

5 0
3 years ago
Other questions:
  • Consider a perfectly competitive industry initially in the long-run equilibrium. If all firms in the industry are required to ad
    11·1 answer
  • To find out how common domestic violence is in the general population, a questionnaire was sent out to a random sample of anonym
    11·1 answer
  • Henry, a salesperson, calls a prospective buyer in an attempt to sell his company's new air conditioner. the buyer indicates tha
    11·1 answer
  • High-End Fashions, Inc., bought a production line of ankle-length skirts last year at a cost of $500,000. This year, however, mi
    11·1 answer
  • The main idea in the making ethical decisions box "do we stay or do we go?" indicates: a need for firms to place a higher level
    5·1 answer
  • Anderson's Furniture Outlet has an unlevered cost of capital of 8%, a tax rate of 35%, and expected earnings before interest and
    12·1 answer
  • Fcra allows you to opt-out of receiving credit card promotions based on your credit history. True or False
    8·1 answer
  • Philosophers of ethics often contend that the argument that codes should provide action recipes for all situations neglects the
    8·1 answer
  • In cash flow estimation, the existence of externalities should be taken into account if those externalities have any effects on
    10·1 answer
  • land is purchased for $209,000. additional costs include a $14,400 fee to a broker, a survey fee of $2,400, $2,200 to construct
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!