Funds on deposit at commercial banks having variable maturities and yields based on size, maturity, and prevailing money market conditions are ________.
A) negotiable certificates of deposit
B) commercial paper
C) savings accounts
D) money market mutual funds

Question

Quizplus · Accepted Answer

Negotiable certificates of deposit fit the description provided in the question, as they are deposits with commercial banks that have variable maturities and yields based on various factors. Commercial paper, savings accounts, and money market mutual funds may not necessarily have the same characteristics.

Funds on Deposit at Commercial Banks Having Variable Maturities and Yields