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
kotykmax [81]
3 years ago
8

What's one disadvantage of a certificate of deposit (CD) as compared to a passbook savings account?

Business
2 answers:
san4es73 [151]3 years ago
5 0

Answer: A. Depositors must keep their money in the account for a fixed period of time.

Explanation:

A certificate of deposit (CD) is known to be a short term security which does not allow depositors to withdraw money from the account on demand. In other word, depositors are not permitted to withdraw until the maturity date. Thus, it has a high interest rate.

A passbook savings account is a saving account in which the account holder uses a paper book for transaction in the banking hall.

bagirrra123 [75]3 years ago
3 0
A. Depositors must keep their money in the account for a fixed period of time.
You might be interested in
Dan has been directed to study the actors close to a company that affect its ability to serve its customers, such as the company
BlackZzzverrR [31]

Answer:

<u>B) microenvironment</u>

Explanation:

  • All these factors like the clients, customers, suppliers, marketing intermediate notes, customer markets, and competitors and the public, in general, all come under the microenvironment of the company which surrounds it.
  • The macro-environment is composed of all the external political, social, technological, economical, and demographical ones.
6 0
3 years ago
Read 2 more answers
Which one of these statements related to discounted payback is correct?a) the discounted payback period decreases as teh discoun
Free_Kalibri [48]

Answer:

A) the discounted payback period decreases as the discount rate increases

Explanation:

The discounted payback period is used to determine the profitability of an investment project.

A not discounted payback period is how long does it take for the cash flows of a project to recoup the investment's cost without considering the value of money in time. By applying a discount to the cash flows, the discounted period will more accurately measure the length of time needed to recoup an investment using current dollars.

The higher the discount rate, the longer it will take for the cash flows to cover the investment's cost, so if the discount rate lowers, then the discounted payback period will be shorter.

5 0
3 years ago
d). Management has decided that those employees whose scores are among the top 10% will be considered for promotion to a better
erastovalidia [21]

Answer

true

Explanation:

5 0
2 years ago
Arturo Company pays $4,000,000 cash and issues 20,000 shares of its $2 par value common stock (fair value of $50 per share) for
serious [3.7K]

Answer:

As follows:

Explanation:

For acquisition of Westmont Company.

Inventory dr. 600,000

Land dr. 990,000

Buildings dr. 2,000,000

Customer Relationships dr. 800,000

Goodwill dr. 690,000

Accounts Payable cr. 80,000

Common Stock cr. 40,000

Additional paid-up capital cr. 960,000

Cash cr. 4,000,000

For legal fees

Services Expense dr 42,000

Cash cr 42,000

For stock issuance

Additional Paid-In Capital dr 25,000

Cash cr 25,000

7 0
3 years ago
If demand increased by 100 units at each price level, and the government set a price ceiling of $40, then there will be
mel-nik [20]

Answer:

no surplus or shortage

Explanation:

Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.

Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied

If demamd increases by 100, new equilibrium is 40

Thus, ceiling price equal equilibrium

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Effects of a binding price ceiling

It leads to shortages

it leads to the development of black markets

it prevents producers from raising price beyond a certain price

It lowers the price consumers pay for a product. This increases consumer surplus

4 0
2 years ago
Other questions:
  • You are 50 years old and proud of having $75,000 invested in a mutual fund earning an impressive 17% per year. you want to retir
    13·1 answer
  • When a dividend is not declared on preferred stock, and the common share­holders cannot receive a dividend until all past and cu
    8·1 answer
  • An aircraft factory manufactures airplane engines. The unit cost (the cost in dollars to make each airplane engine) depends on t
    7·1 answer
  • Suppose the long run production function is given by: Q = 4*L +2K2. Marginal product of labor (MPL) = 4 and wage is $10. Margina
    7·1 answer
  • The population of a country has a relative growth rate of 3% per year. The government is trying to reduce the growth rate to 2%.
    11·1 answer
  • May 24 Sold merchandise on account to Old Town Cafe $18,450. The cost of goods sold was $11,000. Sept. 30 Received $6,000 from O
    10·1 answer
  • Red Carpet Inc. is a small apparel store started by an aspiring designer. The store needs to compete against larger, well-establ
    6·1 answer
  • In 2019, Colin and Laura sold their house for $990,000. They paid $40,000 in expenses so their proceeds are $950,000. They bough
    6·1 answer
  • Where in an e-mail would you find information about the action required?
    13·2 answers
  • Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil f
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!