Most Large Certificates of Deposit Are

question 273

Multiple Choice

Most large certificates of deposit are:

• A) not negotiable because they are bank-made debts
• B) not negotiable because Article 3 does not allow them to be negotiable
• C) not negotiable because the payee would lose control
• D) not negotiable because the maker would lose control
• E) insured by the FDIC for up to $100,000

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