Question No 52:
A certificate of deposit is best described as:
A. A debt instrument which offers a fixed rate of interest over a fixed period of time and with a fixed redemption value.
B. A negotiable instrument which provides evidence of a fixed term deposit with a bank.
C. A document which sets out a commitment to deposit a sum of money at a specified point in time.
D. A certificate which shows ownership of part of the share capital of a company.
Answer: A
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