Retail certificate of deposits which are not traded have face value of
A. $250,000
B. $100,000
C. $150,000
D. $200,000
Answer: Option B
Solution(By Examveda Team)
Retail certificate of deposits which are not traded have face value of $100,000. 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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