Certificates of deposit purchased in small denominations of $1,000 at commercial banks or savings and loan organizations are readily marketable.

Name: Certificates of deposit purchased in small denominations of $1,000 at commercial banks or savings and loan organizations are readily marketable.
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

Certificates of deposit (CDs) are time deposits at banks or savings institutions and are not readily marketable securities. They have a fixed term, and withdrawing funds before maturity can result in penalties.

Certificates of Deposit Purchased in Small Denominations of $1,000 at Commercial