A deposit of more than $100,000 at a commercial bank for a specified period of time is a _________.

Question

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A deposit of more than $100,000 at a commercial bank for a specified period of time is called a certificate of deposit (CD). Eurodollars are US dollar-denominated deposits held in banks outside of the US. Commercial paper is a short-term, unsecured promissory note issued by corporations. A banker's acceptance is a time draft drawn on and accepted by a bank, while call money security is a type of margin instrument used in securities trading.

A Deposit of More Than $100,000 at a Commercial Bank