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Answer in one sentence.What is Certificate of Deposits ?

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Question

Answer in one sentence.
What is Certificate of Deposits?

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Solution

It is unsecured negotiable promissory note usually issued by commercial banks and financial institutions.

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Types of Financial Market
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Chapter 11: Financial Market - Exercises [Page 168]

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Balbharati Secretarial Practice [English] Standard 12 Maharashtra State Board
Chapter 11 Financial Market
Exercises | Q 1 H) 3. | Page 168
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