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Q. |
What is the maximum and minimum maturity of Certificate of Deposit issued by financial Institutions? |
A. | Certificate of deposit issued by financial Institutions are for 1 year to 3 years. |
B. | Certificate of deposit issued by financial Institutions are for 7 days to 364 days. |
C. | Certificate of deposit issued by financial Institutions are for 15 days to 90 days. |
D. | None of these. |
Answer» B. Certificate of deposit issued by financial Institutions are for 7 days to 364 days. |
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Banking and Finance 2