Explain what a negotiable certificate of deposit is.

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Foundations Of Financial Markets And Institutions

ISBN: 9780136135319

4th Edition

Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones

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Question Posted: Mar 02, 2024 05:00 AM

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How does a negotiable certificate of deposit (NCD) differ from the typical certificate of deposit you may see advertised by your local bank?
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Explain what a negotiable certificate of deposit is.

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A negotiable certificate of deposit NCD is a type of fixedincome investment similar to a regular cer...View the full answer

Foundations Of Financial Markets And Institutions

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