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