In banking terminology,CD stands for
A) Compact disk
B) Cash on deliver
C) Cash deposit
D) Certificate of deposit

Name: In banking terminology,CD stands for A) Compact disk B) Cash on deliver C) Cash deposit D) Certificate of deposit
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Quizplus · Accepted Answer

In banking terminology, CD stands for Certificate of Deposit, which is a type of time deposit where the depositor agrees to keep the money invested for a specific period of time and in return receives a higher rate of interest.

In Banking Terminology,CD Stands for