Which of the following best describes short-term debt issued by banks with a minimum denomination of $100,000?
A) certificates of deposit
B) repurchase agreements
C) banker's acceptances
D) commercial paper

Question

Quizplus · Accepted Answer

Certificates of deposit (CDs) are time deposits offered by banks with various maturity dates and are often issued in large denominations, including the minimum denomination of $100,000, which is typical for large investors or institutional use.

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