A ____________ is a short-term debt instrument issued by commercial banks in denominations of $100,000 or more with typical maturities ranging from one month to one year that have an active secondary market that allows short-term investors to easily match their cash or liquidity needs when they arise.
A)negotiable certificate of deposit (NCD)
B)A repurchase agreement
C)government bond
D)money market security
E)none of the above

Question

Quizplus · Accepted Answer

NCDs are short-term debt instruments issued by commercial banks, typically with maturities ranging from one month to one year and denominations of $100,000 or more. They have an active secondary market, which makes them an attractive option for short-term investors to meet their cash or liquidity needs.

A ____________ Is a Short-Term Debt Instrument Issued by Commercial