Which of the following is true regarding guaranteed investment certificates (GICs) ?
A) The longer the term,the lower the interest rate paid,all else equal.
B) All banks offer the same rates on GICs.
C) Early withdrawals of money are not subject to a penalty.
D) Much higher interest rates (than competitors) would likely reflect higher risk.
Correct Answer:
Verified
Q44: The type of financing that allows you
Q45: Which of the following is a Schedule
Q46: Which of the following will not vary
Q47: To get a better rate on an
Q48: You have $5000 saved in case you
Q50: A type of cheque that is written
Q51: The Canada Deposit Insurance Corporation insures money
Q52: Rashid's monthly expenses are $4000 and he
Q53: Which of the following is a disadvantage
Q54: Which would be the least effective way
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents