Sản phẩm & Rủi roCâu 32 / 398
A negotiable certificate of deposit (jumbo CD) issued by a bank differs from a traditional retail CD mainly because it:
a.Is always insured in full regardless of amount
b.Pays no interest
c.Must be held to maturity and cannot be transferred
d.Can be traded in the secondary market before maturity
Giải thích
A negotiable (jumbo) CD is issued in large denominations and can be bought and sold in the secondary market before maturity, giving it liquidity. Amounts above the insurance limit are not fully insured, it does pay interest, and its negotiability is the opposite of a non-transferable retail CD.
Luyện miễn phí toàn bộ 398 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A holder of a mortgage-backed pass-through security faces prepayment risk, which means:
- Which of the following is a characteristic of money-market instruments?
- Commercial paper is best described as:
- A repurchase agreement (repo) in the money market involves:
- When market interest rates rise, the prices of existing fixed-rate bonds generally:
- A bond trading at a price below its par value is said to be trading at:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với FINRA Securities Industry Essentials (SIE) Exam · Quy trình kiểm tra