A Bank Issuing a Certificate of Deposit (CD)to a Depositor

question 85

Multiple Choice

A bank issuing a Certificate of Deposit (CD) to a depositor and then lending the money deposited to a business borrower is an example of a(n) :

• A)direct transfer from a business to an investor.
• B)direct transfer through an investment bank.
• C)direct transfer through a financial intermediary.
• D)indirect transfer through an investment bank.
• E)indirect transfer through a financial intermediary.

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