Brokered Certificates of Deposit Are Available Through Stockbrokers

question 177

True/False

Brokered certificates of deposit are available through stockbrokers.

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Definitions:

Average Collection Period

The mean period required for a company to get payment from its clients.

Finance Charges

Fees representing the cost of credit or the cost of borrowing, including interest and transaction fees.

Accounts Receivable

Money owed to a company by its customers for goods or services already delivered but not yet paid for.

maturity Value

The amount that will be received at the maturity or expiration date of an investment, representing the principal plus interest.