They can be issued to individuals, corporations and companies during periods of tight liquidity when the deposit growth of banks is slow but the demand for credit is high.
A)Commercial papers
B)Call money
C)Commercial bill
D)Certificate of deposit

Question

Quizplus · Accepted Answer

Certificates of deposit (CDs) are issued by banks to raise funds during periods of tight liquidity when deposit growth is slow and credit demand is high.

They Can Be Issued to Individuals, Corporations and Companies During