?
Deposit issued by bank, usually negotiable and have specific maturity date and interest rate is classified as
Answer & Solution
Correct Answer:
Option
C
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.
Join the Discussion
Login to post a comment or share your explanation.
Login