Time deposits with minimum denominations of $100,000 are generally referred to as:
A)mini CDs.
B)jumbo CDs.
C)large CDs.
D)giant CDs.
E)super CDs.

Name: Time deposits with minimum denominations of $100,000 are generally referred to as: A)mini CDs. B)jumbo CDs. C)large CDs. D)giant CDs. E)super CDs.
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Question

Quizplus · Accepted Answer

Time deposits with minimum denominations of $100,000 are commonly known as jumbo CDs. The other options (A, C, D, E) are not commonly used terms in the industry for these types of deposits.

Time Deposits with Minimum Denominations of $100,000 Are Generally Referred