"Term bond" are bonds whose principle is payable at maturity. What does mean by Term certificate?
Correct answer: B. A certificate of deposit whose principal is payable at maturity
- A. A bond with a longer time to maturity
- B. A certificate of deposit whose principal is payable at maturity
- C. A certificate of deposit with a shorter time to maturity
- D. certificate of deposit with a longer time to maturity
Explanation
A term certificate is a certificate of deposit held for a fixed period, with its principal repaid when it matures. It is not defined simply by having a longer or shorter maturity.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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