Q436
Retail certificate of deposits which are not traded have face value of
A.
$250,000
B.
$100,000
AnswerC.
$150,000
D.
$200,000
Answer: Option B
Solution
Answer: Option B
Solution:
Retail certificate of deposits which are not traded have face value of $100,000. 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.