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Lahn placed $100 in a certificate of deposit. After three years he received 10 percent interest on
the $100. This is an example of a ________ deposit, which can be further classified as a form of
________.
Multiple Choice
demand; M1
bond; NOW
time; M2
paper; M1
promissory; M2

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Lahn placed 100 in a certificate of deposit After three ye.pdf

  • 1. Lahn placed $100 in a certificate of deposit. After three years he received 10 percent interest on the $100. This is an example of a ________ deposit, which can be further classified as a form of ________. Multiple Choice demand; M1 bond; NOW time; M2 paper; M1 promissory; M2