Type of negotiable certificate of deposits is usually classified as
A. primary instrument
B. bearer instrument
C. term instrument
D. interim instrument
Answer: Option B
Solution(By Examveda Team)
Type of negotiable certificate of deposits is usually classified as bearer instrument. A bearer instrument, or bearer bond, is a type of fixed-income security in which no ownership information is recorded and the security is issued in physical form to the purchaser.This Question Belongs to Management >> International Finance And Treasury
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