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Negotiable certificate of deposit with one year maturity pays interest

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International Finance and Treasury
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Negotiable certificate of deposit with one year maturity pays interest

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Correct Answer: Option B
Negotiable certificate of deposit with one year maturity pays interest semi-annually. A negotiable certificate of deposit (NCD) is a certificate of deposit with a minimum face value of $100,000. They are guaranteed by the bank and can usually be sold in a highly liquid secondary market, but they cannot be cashed in before maturity.
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