Examlex
Select the correct description for each of the abbreviations
-IBD
Large Denomination CDs
Certificates of Deposit (CDs) with high minimum deposit requirements, often offering higher interest rates in exchange for larger initial investments.
M3
A measure of the money supply that includes M2 (cash, checking deposits, and easily convertible near money) plus large time deposits, institutional money market funds, and other larger liquid assets.
Small Denomination CDs
Certificates of Deposit that are available in lower monetary values, offering a way for individual investors to earn interest on their savings.
Paper Money
Currency in the form of banknotes issued by a government or central bank.
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