An NCD is a wholesale-sized deposit that has a fixed term and an agreed interest rate that can be traded in the money market.

Name: An NCD is a wholesale-sized deposit that has a fixed term and an agreed interest rate that can be traded in the money market.
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Quizplus · Accepted Answer

The statement is true. NCD stands for Negotiable Certificate of Deposit, and it is a type of security issued by banks or financial institutions in large denominations that can be traded in the secondary market.

An NCD Is a Wholesale-Sized Deposit That Has a Fixed