πŸ“Š Banking and Finance 2
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.
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βœ… Correct Answer: (B) Certificate of deposit issued by financial Institutions are for 7 days to 364 days.

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