In banking terminology,CD stands for
A)compact disk.
B)cash on deliver.
C)cash deposit.
D)certificate of deposit.

Name: In banking terminology,CD stands for A)compact disk. B)cash on deliver. C)cash deposit. D)certificate of deposit.
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Question

Quizplus · Accepted Answer

CD in banking terminology stands for Certificate of Deposit which is a financial product offered by banks and other financial institutions where the customer deposits a lump sum of money for a fixed period of time at a fixed interest rate.

In Banking Terminology,CD Stands for