Which of the following is not true about a certificate of deposit (CD)?
A) They pay higher interest than T-bills.
B) They are long-term investments of two years or more.
C) Funds are locked in for specific periods of time.
D) A penalty is imposed for early withdrawal.
Answer: B
Business
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A) cash conversion cycle B) average payment period C) average age of inventory D) average collection period
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The three types of needs in Alderfer's theory are existence, relatedness, and growth
Indicate whether the statement is true or false
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