Jumbo certificates of deposit (CDs) typically:
A)have maturities greater than 10 years..
B)are negotiable.
C)are $1 million in size.
D)All of the above
E)b.and c.

Question

Quizplus · Accepted Answer

Jumbo CDs are typically negotiable and have a minimum size of $1 million, but their maturity can vary and may not necessarily be greater than 10 years. Therefore, option E is the best choice as it includes the two correct options: b) negotiable and c) $1 million in size.

Jumbo Certificates of Deposit (CDs) Typically