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What is certificate of deposit???

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What is certificate of deposit???

Posted by Digvijay Pandey 5 years, 8 months ago

CBSE > Class 12 > Business Studies

3 answers

Samyuktha Sundaresan 5 years, 8 months ago

Honey you are wrong .CDare issued by commercial banks and devolopment financial institutions.They can be issued to individuals ,corporations and companies during tight liquidity. They help to mobolise a large amount of money for short periods.

K Uma Mahesh 5 years, 8 months ago

It is a tym or deposit which can be sold in de secondary market.Only a bank can issue CD.It iz a bearer certificate,negotiable and can be trnsfrd easily

Honey 8 5 years, 8 months ago

It is a short term monetary instrument. It helps to transfer large amount of money for a short period of time. They can be used by individuals or corporates when there is tight liquidity and deposit growth of banks are slow. L

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This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

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