Certificate of deposits which are usually negotiable are issued by

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Certificate of deposits which are usually negotiable are issued by

A. banks

B. financial market

C. stock exchange

D. business corporations

Answer: Option A

Solution (By Examveda Team)

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.

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