Brokered deposits are transfers of large deposits in excess of $100,000 from one bank to another bank.

Name: Brokered deposits are transfers of large deposits in excess of $100,000 from one bank to another bank.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

Brokered deposits are deposits made through a third party, or a broker, rather than directly by the depositor. They are not specifically defined by the amount transferred or by being transfers between banks.

Brokered Deposits Are Transfers of Large Deposits in Excess of $100,000