A Negotiable Certificate of Deposit

question 76

Multiple Choice

A negotiable certificate of deposit

• A) is a term security because it has a specified maturity date.
• B) is a bearer instrument, meaning whoever holds the certificate at maturity receives the principal and interest.
• C) can be bought and sold until maturity.
• D) all of the above.
• E) only A and B of the above.

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FTC Act

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