Retail certificate of deposits which are not traded have face value of

A $250,000
B $100,000
C $150,000
D $200,000

Correct Answer: $100,000

Retail certificate of deposits which are not traded have face value of $100,000. A certificate of deposit (CD) is a product offered by banks and credit unions that offers an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period of time.
Bissoy MCQ
#Management #International Finance And Treasury

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