Why is a certificate of deposit considered such a safe investment?
(A) It is guaranteed by the federal government.
(B) It pays a relatively low rate of interest.
(C) It is issued by a savings bank.
(D) It cannot be redeemed whenever the investor wants the money.
Ans: (A) It is guaranteed by the federal government.
Business
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A computer is being depreciated at 40% using the reducing balance method. If it cost £3,500 in
year 1, what will the net book value be at the end of year 2? a) £700 b) £1,260 c) £1,400 d) £2,100
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The budget process is a loop that consists of ________
A) planning, acting, and controlling B) developing strategies, planning, acting, and controlling C) developing strategies, planning, and acting D) developing strategies, acting, and controlling
Business