Examlex
Choose the INCORRECT statement.
Certificate of Deposit
A savings certificate with a fixed maturity date, specified fixed interest rate, and can be issued in any denomination aside from minimum investment requirements.
Financial Intermediary
An institution that facilitates the channeling of funds between lenders and borrowers by intermediating between them.
Direct Transfer
A process where assets or funds are moved from one party directly to another without intermediaries.
Capital Market Security
Financial instruments like stocks and bonds that are traded in capital markets involving long-term investments.
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