Guaranteed investment Certificates are Usually issued from.1 year up to 5+ years Easy to buy but difficult to hold due to changing interest rates issued by Financial Institutions in exchange for a minimum deposit All of the above
Guaranteed investment Certificates are Usually issued from.1 year up to 5+ years Easy to buy but difficult to hold due to changing interest rates issued by Financial Institutions in exchange for a minimum deposit All of the above
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
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Transcribed Image Text:Guaranteed investment Certificates are:
Usually issued from.1 year up to 5+ years
Easy to buy but difficult to hold due to changing interest rates
Issued by Financial Institutions in exchange for a minimum deposit
All of the above
Transcribed Image Text:The beauty of AMA accounts is that it following services at one place:
O Borrowing, Investing
Lending, Investing
Chequing, Investing
Only A &C
Only B&C
Only A & B
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