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Which of the following are characteristics of negotiable certificates of deposit ( NCD ) ? Check all that apply. Activity in their secondary market is
Which of the following are characteristics of negotiable certificates of deposit NCD Check all that apply.
Activity in their secondary market is moderate.
Their denominations are typically in multiples of $
They provide a return in the form of interest along with the difference between the secondary market selling price and the original
purchase price.
Common direct investors in these securities are households, firms, and financial institutions.
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