A certificate of deposit represents:
A) a promissory note of payment by a bank borrowing reserves from another bank.
B) a deposit in a savings account in a bank.
C) a promissory note of payment by the issuing institution to the investor.
D) a time deposit of a state government with the federal government.
E) a time deposit at a bank or other financial intermediary.
Correct Answer:
Verified
Q38: Banks that need additional funds to meet
Q55: A _ is assigned to represent the
Q59: Municipal bonds are issued by:
A)financial institutions.
B)state and
Q65: Commercial paper is issued in denominations of:
A)
Q66: The maturity date is the date:
A) on
Q68: Federal funds represent:
A) funds collected from federal
Q69: The maturity of commercial paper varies from:
A)
Q71: Revenue bonds are used to:
A) raise funds
Q72: A(n) _ certificate of deposit (CD) can
Q75: The two principal types of municipal bonds
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents