Negotiable certificates of deposit differ from demand deposits in that they
A) are not subject to early withdrawal penalties.
B) may be bought and sold in the secondary market.
C) generally have lower interest rates.
D) are not subject to state and local income taxes.
Correct Answer:
Verified
Q55: Disintermediation refers to the
A)failure of financial intermediaries
Q56: Negotiable certificates of deposit were developed in
Q57: What was the main reason Congress passed
Q58: NOW accounts were developed in order to
A)circumvent
Q59: An ATS account
A)converts a corporation's checking account
Q61: During the early 1980s, Congress relaxed restrictions
Q62: A rise in interest rates hurts thrifts
Q63: In 1995, the FDIC deposit insurance premiums
Q64: The key to the interest rate risk
Q65: The most important loss to the economy
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