Solved

Which of the Following Is Correct for Brokered Deposits

Question 24

Multiple Choice

Which of the following is correct for brokered deposits?


A) Brokered deposits involve deposit brokers who place different types
Of jumbo CDs or other deposits with large denomination with investors.
B) Banks sell deposits or CDs with large denominations to brokers who divide large amounts into smaller denominations that are resold to investors.
C) Brokered deposits tend to offer higher rates and are more volatile than core deposits.
D) All of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents