Difference between revisions of "Time deposit"
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==Definitions== | ==Definitions== | ||
According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
| − | [[Time deposits]]. Accounts that the depositor has committed to leaving in the bank for a certain period of time, in exchange for a higher rate of interest; also called certificates of deposit. | + | :[[Time deposits]]. Accounts that the depositor has committed to leaving in the bank for a certain period of time, in exchange for a higher rate of interest; also called certificates of deposit. |
[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Latest revision as of 11:28, 1 June 2020
Time deposit is an account that the depositor has committed to leaving in the bank for a certain period of time, in exchange for a higher rate of interest; also called certificate of deposit.
Definitions
According to Principles of Economics by Timothy Taylor (3rd edition),
- Time deposits. Accounts that the depositor has committed to leaving in the bank for a certain period of time, in exchange for a higher rate of interest; also called certificates of deposit.
