Which one of the following statements is correct concerning large-denomination certificates of deposit?
A)The security can be sold to another investor.
B)The face amount is equal to $10,000 or more.
C)The security is a bank time deposit.
D)The security is a form of a commercial check.
E)The security is issued by the U.S. Treasury.

Question

Quizplus · Accepted Answer

Large-denomination certificates of deposit (CDs) are negotiable, meaning they can be sold to another investor in the secondary market.

Which One of the Following Statements Is Correct Concerning Large-Denomination