Which of the following require the depositor to commit to leaving their investment in the bank for a certain period of time in exchange for higher interest rates?
Ans: certificate of deposit
Time deposits and certificate of deposit accounts are both accounts that the depositor has committed to leaving in the bank for a certain period of time in exchange for a higher rate of interest.
Economics
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Social insurance has become an increasingly large portion of federal taxes because of the "Baby Boomer" generation.
A. True B. False C. Uncertain
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As a result, of adverse selection problems in the fire insurance market, it is likely that over time
A. fewer low-risk and high-risk people will be insured. B. fewer high-risk people will be insured. C. more low-risk people will be insured. D. fewer low-risk people will be insured.
Economics