A ____ is a time deposit offered by some large banks to corporations, with a specific maturity date, minimum deposit of $100,000 or more, and a secondary market.

Question

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The description given matches the characteristics of a negotiable CD. These are time deposits with a specific maturity date, minimum deposit requirements, and can be traded in a secondary market. Retail CDs are meant for individual investors, not corporations, and may have lower deposit requirements. Market CDs and protective CDs are not common terms in the banking industry.

A ____ Is a Time Deposit Offered by Some Large