Question

What is certificate of deposit?

Answer 1

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◆Certificates of deposit (CD) are unsecured, negotiable, short-term instruments in bearer form, issued by commercial banks and development financial institutions.

◆They can be issued to individuals, corporations and companies during periods of tight liquidity when the deposit growth of banks is slow but the demand for credit is high. They help to mobilise a large amount of money for short period.

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Answer 2

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A certificate of deposit is a savings certificate with a fixed interest rate that can be issued in any denomination aside from minimum investment requirements.

A CD restricts access to the funds until the maturity date of the investment. CDs are generally issued by commercial banks and are insured by the FDIC.

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$hope \: it \: helps \: u..$