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Negotiable Certificates Are

Question 109

Multiple Choice

Negotiable certificates are:


A) Mutual funds that invests in short-term liquid securities.
B) Tradable certificates issued by commercial banks in exchange for time deposits.
C) Are instruments issued by corporations with good credit ratings and are in effect an unsecured promissory note
D) Are U.S. currency deposited in banks outside the United States

Correct Answer:

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