A negotiable CD is Question 4 options: a short-term unsecured promissory note issued by a company...
A negotiable CD is
Question 4 options:
|
a short-term unsecured promissory note issued by a company to
raise funds for a short time period. |
|
|
a time draft payable to a seller of goods, with payment
guaranteed by a bank. |
|
|
a marketable bank issued time deposit that specifies the
interest rate earned and a fixed maturity date. |
|
|
a loan to an individual or business to purchase a home, land, or other real property. |
Homework Answers
Option 'C' is correct
A negotiable certificate of deposit is a Marketable bank issued time deposit that specifies the interest rate earned and a fixed maturity date.
A negotiable certificate of deposit is a certificate of deposit issued by the banks and it is freely negotiable unlike non-negotiable CD's which cannot be transferred, sold, bought or exchanged
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A negotiable CD is
Question 4 options:
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