Question
Which one of the following is not a characteristic of a negotiable certificate of deposit? Negotiable certificates of deposit Have a secondary market for investors.
Have a secondary market for investors.
Are regulated by the Federal Reserve System.
Are usually sold in denominations of a minimum of $100,000.
Have yields considerably greater than bankers’ acceptances and commercial paper.
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
