Why would banks pay higher interest on money left on deposit for longer periods of time (e.g.,

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Why would banks pay higher interest on money left on deposit for longer periods of time (e.g., on CDs)?

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Business

ISBN: 978-0324829556

10th Edition

Authors: Willian M Pride, Robert J. Hughes, Jack R Kapoor

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Question Posted: Aug 15, 2012 04:41 AM

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Why would banks pay higher interest on money left on deposit for longer periods of time (e.g.,

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Banks pay higher interest on CDs because they want people to ma...View the full answer

Business

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