Which of the following best describes short-term debt issued by banks that are insured up to $100,000?
A)certificates of deposit
B)repurchase agreements
C)banker's acceptances
D)commercial paper
E)bearer deposit notes

Question

Quizplus · Accepted Answer

Certificates of deposit (CDs) are short-term debt instruments issued by banks that are insured up to $100,000 by the Federal Deposit Insurance Corporation (FDIC). CDs offer a fixed interest rate and typically have maturities ranging from one month to five years.

Which of the Following Best Describes Short-Term Debt Issued by Banks