NCDs are short-term, fixed-term deposits and are known as wholesale CDs, which have a face value of below $100 000.

Question

Quizplus · Accepted Answer

NCDs are actually long-term, negotiable deposits with a face value of at least $100,000, and are generally only available to institutional investors. They are not the same as wholesale CDs, which have a minimum face value of $1 million and are also typically only available to institutional investors.

NCDs Are Short-Term, Fixed-Term Deposits and Are Known as Wholesale