Q416
Rates of certificate of deposits are mostly negotiated between
A.
bank and COD buyer
AnswerB.
bank and stock market
C.
stock market and COD buyer
D.
indirect negotiations of buyers
Answer: Option A
Solution
Answer: Option A
Solution:
Rates of certificate of deposits are mostly negotiated between bank and COD buyer. 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.