Lower interest rates on certificates of deposit

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Reference no: EM131948959

1. Mike is a 19-year-old college student who earned $10,000 and spent it all on his support during the year. His parents may claim him as a tax dependent as long as they contribute more than half of his support for the year.

all these things are true.

he lives at home.

he is under 21.

he makes under $12,000.

2. Lower interest rates on certificates of deposit are associated with

A) higher account balances.

B) both higher account balances and shorter time periods.

C) longer time periods.

D) both higher account balances and longer time periods.

E) shorter time periods.

Reference no: EM131948959

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