Economy, asked by amkarabhi15, 5 months ago

certificates of deposite are short term instrument s issues by

Answers

Answered by naveenjoshi01974

Answer:

A Certificate of Deposit is a short term negotiable debt instrument that promises to pay the bearer or registered owner an amount or a number of amounts in the future. CDs can only be issued by institutions that have a license to take deposits. All issuers of CDs therefore are Banks.

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