All categories

2 years ago

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

Business

1 answer:

valentinak56 [21]2 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.

You might be interested in

what is the rate of return when 40 shares of stock A, purchased for 15$/ share, are sold for $690? The commission on the sale is

dezoksy [38]

Answer:

aaaa!aaaaaaaaaaaAaaaaaa

5 0

3 years ago

Suppose the own price elasticity of demand for good X is -3, its income elasticity is -2, its advertising elasticity is 4, and t

Andrew [12]

Answer:

a. 21 percent

b. -20 percent

c. -8 percent

d. -8 percent

Explanation:

Own price elasticity = -3

Income elasticity = -2

Advertising elasticity= 4

Cross price elasticity = -2

Formula for elasticity is given by,

$Elasticity = \frac{Percentage change in Quantity}{Percentage change in factor}$

a. When price of good X decreases by 7 percent.

$Elasticity = \frac{Percent change in quantity}{Percent change in own price}$

$-3 = \frac{Percent change in quantity}{-7}$

$Percent change in quantity = (-3) * (-7) = 21$

Thus, as price decreases by 7% quantity rises by 21%.

b. The price of good Y increases by 10 percent.

$Corss- price elasticity = \frac{Percent change in quantity}{Percent change in Price of good Y} \\ -2 = \frac{Percent change in quantity }{10} \\Percent change in quantity = (-2) * (10) \\ = -20$

Thus, as price of good Y increases by 10 percent, demand for good X falls by 20 percent.

c. Advertising decreases by 2 percent.

$Elasticity = \frac{Percent change in quantity}{Percent change in advertising} \\4 = \frac{Percent change in quantity }{-2} \\Percent change in quantity = (-2) * (4) \\ = -8$

Thus, a 2 percent decline in advertising will lead to a 8 percent fall in quantity of good X.

d. Income increases by 4 percent.

$Income elasticity = \frac{Percent change in quantity }{Percent change in income}\\-2 = \frac{Percent change in quantity}{4} \\Percent change in quantity = (-2) * (4) \\ = -8\\$

Thus, when income increases by 4 percent, quantity decreases by 8 percent.

5 0

2 years ago

many say that companies have a right to drug-test their employees because drug use impairs an employee's performance. how do des

marin [14]

The workplace is the location of the arbitrary drug testing. This is done to see if any of the workers are using drugs. The testing aids in determining the quantity and frequency of recent alcohol and illegal substance usage.

The impairment brought on by stress or other factors is not tested during random testing.Employees are subjected to random exams, which are probably inspections of their physical conditions to determine whether they are drug users and how their bodies have been impacted by drugs to the point where they are unable to perform their regular jobs.

Employees who are discovered to be using illicit drugs receive warnings and are fired from their positions.Any unannounced, without prior notice chemical screening for the presence of typically illicit narcotics in a sample of one's blood, hair, or urine is known as a "random drug test."Being unexpected and without prior notice, it is random. This is done to weed out workers who use heavy drugs, which frequently renders them ineffective or ineligible for employment.

To know more about drug- testing visit:

brainly.com/question/15180584

#SPJ4

7 0

11 months ago

Brianna is the top-performing cheerleader and captain of the cheer team. Which of the following statements would result in the a

Reptile [31]

C should be the correct answer if not it’s A

3 0

3 years ago

Suppose the United States is currently producing 200 tons of hamburgers and 60 tons of tacos and Mexico is currently producing 4

4vir4ik [10]