These are often purchased in $100,000 increments. For example, a broker may receive $1 million from an

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These are often purchased in $100,000 increments. For example, a broker may receive

$1 million from an investor and break this up into 10 lots of $100,000 CDs that are placed

(brokered out) at 10 different banks. Thus, effectively, the full $1 million is covered by FDIC deposit insurance.

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Financial Markets And Institutions

ISBN: 9781259919718

7th Edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jul 25, 2024 08:03 AM

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These are often purchased in $100,000 increments. For example, a broker may receive $1 million from an

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Financial Markets And Institutions

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