A ____ is a security issued by a commercial bank that entitles the holder to receive the amount deposited plus accrued interest on a specified date.

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A negotiable certificate of deposit is a time deposit with a specified maturity date, usually ranging from one month to several years, that can be traded in the secondary market. The interest rate on a negotiable CD is typically higher than that of a traditional savings account, and the minimum deposit required is typically higher as well.

A ____ Is a Security Issued by a Commercial Bank