The certificate of deposits which are usually negotiable are issued by ____________?
Correct answer: A. banks
- A. banks
- B. financial market
- C. stock exchange
- D. business corporationsCompare Credit Cards
Explanation
Negotiable certificates of deposit are issued mainly by banks as time deposits that can be traded before maturity. A stock exchange or business corporation is not the issuing institution.
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About Business Finance
Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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