MCQOPTIONS
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| 1. |
“Term bond” are bonds whose principle is payable at maturity. What does mean by Term certificate? |
| A. | A bond with a longer time to maturity |
| B. | A certificate of deposit whose principal is payable at maturity |
| C. | A certificate of deposit with a shorter time to maturity |
| D. | certificate of deposit with a longer time to maturity |
| Answer» C. A certificate of deposit with a shorter time to maturity | |