Rates of certificate of deposits are mostly negotiated between

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Rates of certificate of deposits are mostly negotiated between

A. bank and COD buyer

B. bank and stock market

C. stock market and COD buyer

D. indirect negotiations of buyers

Answer: Option A

Solution (By Examveda Team)

Rates of certificate of deposits are mostly negotiated between bank and COD buyer. 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.

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