Interest rate of certificate of deposits is quoted using a time span of
A. 250 days a year
B. 150 days a year
C. 365 day a year
D. 360 day a year
Answer: Option D
Solution(By Examveda Team)
Interest rate of certificate of deposits is quoted using a time span of 360 day a year. 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.This Question Belongs to Management >> International Finance And Treasury
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