Jumbo CDs That a Bank Obtains from a Third-Party Broker

question 9

Multiple Choice

Jumbo CDs that a bank obtains from a third-party broker are called:

• A) money market demand accounts.
• B) time deposit accounts.
• C) mortgage loans.
• D) brokered deposits.
• E) core deposits.

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Definitions:

Superior Position

Achieving a higher ranking or status in a competitive environment, often through strategic advantages.

Product Preference

The inclination of consumers to favor certain products over others, often based on attributes or personal tastes.

Product Adopters

Individuals or entities that start using a new product or technology shortly after it has been launched.

Laggards

A category of consumers that do not like change and may remain loyal to a product until it is no longer available for sale.