CDs that have small denominations (such as $10,000 or less) are sometimes referred to as retail CDs because they are more attractive to individuals than to firms.

Question

Quizplus · Accepted Answer

Retail CDs are designed for individual investors and typically come in smaller denominations, making them more accessible and attractive to personal investors rather than large institutions or firms.

CDs That Have Small Denominations (Such as $10,000 or Less)