Q398
Certificate of deposits which are usually negotiable are issued by
A.
banks
AnswerB.
financial market
C.
stock exchange
D.
business corporations
Answer: Option A
Solution
Answer: Option A
Solution:
Certificate of deposits which are usually negotiable are issued by banks. A certificate of deposit (CD) is a product offered by banks and credit unions that offers an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period of time.