Which of the following is not a characteristic of jumbo CDs?
A) They have a minimum maturity of 7 days.
B) Interest rates are quoted on a 365-day year.
C) They are generally issued at face value.
D) They are only insured up to $250,000 per individual per institution.
E) All of the above are characteristics of jumbo CDs
Correct Answer:
Verified
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