Deposit issued by bank, usually negotiable and have specific maturity date and interest rate is classified as
A. indirect certificate
B. direct certificate
C. negotiable certificate
D. deposit certificate
Answer: Option C
Solution(By Examveda Team)
Deposit issued by bank, usually negotiable and have specific maturity date and interest rate is classified as negotiable certificate. A negotiable certificate of deposit, or CD, is a marketable receipt for funds deposited in a bank for a specified period at a specified rate of interest.This Question Belongs to Management >> International Finance And Treasury
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