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प्र: What is true about certificates of deposit?

  • 1
    the money has to remain in the account for a specified period of time
  • 2
    they are the most liquid account available
  • 3
    they offer lower interest rates than savings accounts
  • 4
    All the above
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उत्तर : 1. "the money has to remain in the account for a specified period of time"
व्याख्या :

Answer: A) the money has to remain in the account for a specified period of time Explanation: A certificate of deposit (CD) is a savings certificate with a fixed maturity date, specified fixed interest rate and can be issued in any denomination aside from minimum investment requirements. CD's are generally issued by commercial banks

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IIT JEE Bank Exams CAT

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