A certificate of deposit usually has: Multiple Choice O O no set time period. a penalty for early withdrawal of funds. earnings based on fluctuating market interest rates. a variable rate of return. no minimum deposit amount.
A certificate of deposit usually has: Multiple Choice O O no set time period. a penalty for early withdrawal of funds. earnings based on fluctuating market interest rates. a variable rate of return. no minimum deposit amount.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
![A certificate of deposit usually has:
Multiple Choice
no set time period.
a penalty for early withdrawal of funds.
earnings based on fluctuating market interest rates.
a variable rate of return.
no minimum deposit amount.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2116c239-21f2-4993-b4a3-3498c188b2ff%2F03116bf1-995a-4916-9bd5-8e565c9b9c0c%2F4zl9nqs_processed.png&w=3840&q=75)
Transcribed Image Text:A certificate of deposit usually has:
Multiple Choice
no set time period.
a penalty for early withdrawal of funds.
earnings based on fluctuating market interest rates.
a variable rate of return.
no minimum deposit amount.
![What type of account would you expect to provide the poorest yield?
Multiple Choice
O
Savings account earning 4 percent compounded semiannually
Certificate of deposit earning 4 percent compounded semiannually
O Money market account earning 4 percent compounded monthly
O Money market fund earning 4 percent compounded monthly
Savings account earning 4 percent compounded annually](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2116c239-21f2-4993-b4a3-3498c188b2ff%2F03116bf1-995a-4916-9bd5-8e565c9b9c0c%2Foqd2vz_processed.png&w=3840&q=75)
Transcribed Image Text:What type of account would you expect to provide the poorest yield?
Multiple Choice
O
Savings account earning 4 percent compounded semiannually
Certificate of deposit earning 4 percent compounded semiannually
O Money market account earning 4 percent compounded monthly
O Money market fund earning 4 percent compounded monthly
Savings account earning 4 percent compounded annually
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