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3 years ago

Which of the following is a characteristic of a certificate of deposit?

Business

1 answer:

valentinak56 [21]3 years ago

8 0

Answer:

C). It requires that the funds be kept in the account for a minimum fixed period of time e.g. 90 days

<u>Multiple- choices</u>

A). You have to earn at least $100,000 in salary to be allowed to buy a CD

B). It is just a different name for a savings account

C). It requires that the funds be kept in the account for a minimum fixed period of time e.g. 90 days

D). Only large banks offer them

Explanation:

Banks and other financial institution offer certificates of deposit (CD) saving account to customers who intend to limit the number of withdraws. This type of savings account pays a higher interest rate than the regular savings account. A customer wishing to open this account agrees with the bank on the duration that they want to save the money. Withdrawals can only be made after the agreed period lapses. Should the customer demand for their money before the end of the agreed period, they may get penalized by the banks.

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tamaranim1 [39]

Companies that use job-order costing make unique products.

<h3>What is job-order costing?</h3>

Job order costing can be defined as a costing method that is used to calculate the cost of each unique item produce or the cost of producing each unique product that is different from the ones in the market.

Example companies can make use of job-order costing when they produce a unique bag or shoe for their customer.

Since this product they produce for this customer is unique, the manufacturer can tend to use job order costing to determine the price or selling price they will to charge the customer.

A company can use a job order cost method if it produce products with unique characteristics.

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Learn more about job-order costing here: brainly.com/question/24516871

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3 years ago

As time passes, fixed assets, other than land, lose their capacity to provide useful services. To account for this decrease in u

natta225 [31]

Answer:

depreciation

Explanation:

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True or False:If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is an inferior good.

hodyreva [135]

False.

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