A ____ is a time deposit offered by some large banks to corporations, with a specific maturity date, a minimum deposit of $100,000 or more, and a secondary market.

Question

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A negotiable Certificate of Deposit (CD) is a time deposit with a bank that typically requires a minimum deposit of $100,000 or more, has a fixed maturity date, and can be sold in the secondary market, making it a liquid investment for large investors like corporations.

A ____ Is a Time Deposit Offered by Some Large