Question

The Certificate of Deposit (CD) is a negotiable money market instrument and issued in the form of?
A) Derivative Usance Promissory Note B) Usance Promissory Note C) Demand Promissory Note D) Both a & b

Answer 1

Answer:

The Certificate of Deposit (CD) is a negotiable money market instrument and issued in the form of

[A]Derivative Usance Promissory Note

[B]Usance Promissory Note

[C]Demand Promissory Note

[D]Both a & b

Usance Promissory Note

The Certificate of Deposit (CD) is a negotiable money market instrument and issued in dematerialised form or as a Usance Promissory Note against funds deposited at a bank or other eligible financial institution for a specified time period. ( Usance Promissory Note has to be paid after certain time period).

Explanation:

Thanks, follow, 5 star, brainliest

Answer 2

Answer:

The answer is a option A