The source of short-term funds for commercial banks that was developed to tap temporary surplus funds held by large corporate and wealthy individual customers is:

Name: The source of short-term funds for commercial banks that was developed to tap temporary surplus funds held by large corporate and wealthy individual customers is:
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Question

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Negotiable CDs (Certificates of Deposit) are a source of short-term funds for banks, allowing them to tap into surplus funds from large corporations and wealthy individuals.

The Source of Short-Term Funds for Commercial Banks That Was