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The Primary Difference in Certificates of Deposit (CDs) That Are

Question 27

Multiple Choice

The primary difference in certificates of deposit (CDs) that are equal to or less than $100,000 and those over $100,000 (other than the amount) is:


A) a bank does not have to include CDs equal to or less than $100,000 in its liabilities.
B) CDs greater than $100,000 are negotiable and therefore can be bought and sold.
C) CDs equal to or less than $100,000 are issued for only six months or less.
D) CDs greater than $100,000 are issued for only six months or less.

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