Recently,time deposits have been issued with interest rates adjusted periodically (such as every 90 days).This time period is known as:
A)roll period.
B)maintenance period.
C)computation period.
D)maturity period.
E)reserve period.

Question

Quizplus · Accepted Answer

The roll period refers to the period of time after which the interest rate on a time deposit is adjusted or rolled over. It is typically around 90 days, but can vary depending on the terms and conditions of the particular deposit. During the roll period, the interest rate is fixed and does not change, but once it ends, the rate will be adjusted to reflect the current market conditions. Therefore, choice A is the correct answer.

Recently,time Deposits Have Been Issued with Interest Rates Adjusted Periodically