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15.2 How households supply financial capital  (Page 26/43)

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  • Card 26 / 43:
    certificate of deposit (CD)

    a mechanism for a saver to deposit funds at a bank and promise to leave them at the bank for a time, in exchange for a higher rate of interest

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Practice FlashCards 13 Key Terms 20

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Source:  OpenStax, University of houston downtown: microeconomics. OpenStax CNX. May 28, 2014 Download for free at http://legacy.cnx.org/content/col11651/1.2
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