The retail certificate of deposits which are not traded have face value of ___________?
Correct answer: B. 100000
- A. 250000
- B. 100000
- C. 150000
- D. 200000
Explanation
Retail CDs are generally nonnegotiable and are issued in denominations of $100,000 or less, unlike negotiable CDs, which commonly use $100,000 as a minimum denomination. Thus $100,000 is the relevant stated threshold.
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