Negotiable certificate of deposit with one year maturity pays interest
A. annually
B. semi-annually
C. monthly
D. every two weeks
Answer: Option B
Solution(By Examveda Team)
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.This Question Belongs to Management >> International Finance And Treasury
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