Business, 19.06.2020 03:57 mattsucre1823

A variety of different savings products are offered by financial institutions. Two of the most frequently sold savings investments are statement (or passbook) savings accounts and certificates of deposit (CDs). How do they differ? Read the following statements and classify each as to whether it applies to a statement savings account, a certificate of deposit, or both. Certificate of Deposit Statement Savings Account
Statement
1. The interest rate can be either fixed or variable over the life of the account.
2. The account has no fixed maturity or end; if you maintain the minimum required balance in the account and the institution does not cease doing business, the account could earn interest over your entire lifetime.
3. The account often earns a higher interest rate than the rate earned on NOW and share draft accounts.
4. If you withdraw your funds prior to the account's specified maturity, it is possible to end up with less money than you originally deposited.
5. The account offers you greater flexibility with regard to the frequency and number of deposits and withdrawals.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 05:50

Match the steps for conducting an informational interview with the tasks in each step.

Answers: 1

Answer

Business, 22.06.2019 16:10

Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?

Answers: 1

Answer

Business, 22.06.2019 17:00

Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.

Answers: 2

Answer

Business, 22.06.2019 17:50

Abc factory produces 24,000 units. the cost sheet gives the following information: direct materials rs. 1,20,000direct labour rs. 84,000variable overheads rs. 48,000semi variable overheads rs. 28,000fixed overheads rs. 80,000total cost rs. 3,60,000presently the product is sold at rs. 20 per unit.the management proposes to increase the production by 3,000 units for sales in the foreign market . it is estimated that semi variable overheads will increase by rs. 1,000. but the product will be sold at rs. 14 per unit in the foreign market. however, no additional capital expenditure will be incurredq-1. what is present profit of the company ? q-2. what is proposed profit of the company in new market? q-3.what is suggestion for new makret proposal whether proposal accept or not

Answers: 1

Answer

You know the right answer?

A variety of different savings products are offered by financial institutions. Two of the most frequ...

Questions