Deposit issued by bank usually negotiable and have specific maturity date...

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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.

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