Which of the following defines a certificate of deposit?
A) An agreement between two financial institutions whereby one essentially borrows or lends to the other
B) Certificates issued by banks for fixed- term interest- bearing deposits
C) Deposits that can be withdrawn on demand, with no penalty
D) Deposits that require notice for withdrawal
Correct Answer:
Verified
Q6: On the island of Gulem, chocolate biscuits
Q7: A retail bank
A) specialises in providing hire-
Q8: Which of the following refers to a
Q9: Maturity transformation can be defined as
Q10: A time deposit in a bank is
Q12: CDOs are
A) legal entities created by financial
Q13: Which of the following describes a repo?
Q14: Consider the following assets:
(i) Bills of Exchange
(ii)
Q15: The rate of discount on bills can
Q16: Commercial banks operate primarily to
A) help people.
B)
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