The maximum maturity of certificate of deposits is
A)185 days
B)100 days
C)95 days
D)30 days

Name: The maximum maturity of certificate of deposits is A)185 days B)100 days C)95 days D)30 days
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Question

Quizplus · Accepted Answer

Certificate of deposits (CDs) are time deposits offered by banks and financial institutions. The maximum maturity of CDs generally ranges from 7 days to 10 years. Among the given options, A) 185 days is the longest maximum maturity option for CDs, making it the best choice for longer-term investment.

The Maximum Maturity of Certificate of Deposits Is