A certificate of deposit is called a "jumbo" CD when it is valued at:
A) $10,000.
B) $25,000.
C) $50,000.
D) $75,000.
E) $100,000.

Question

Quizplus · Accepted Answer

A certificate of deposit is called a "jumbo" CD when it is valued at $100,000 or more. This term is used by banks to differentiate larger, more substantial deposits from smaller ones, and typically comes with higher interest rates than regular CDs.

A Certificate of Deposit Is Called a "Jumbo" CD When