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Answer in one sentence.What is Certificate of Deposits ? - Secretarial Practice

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Question

Answer in one sentence.
What is Certificate of Deposits?

One Line Answer
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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

RELATED QUESTIONS

Match the pair.

Group ‘A’ Group ‘B’
a) Financial market 1) Long term fund
b) Money market 2) New issue market
c) Primary market 3) Trading of commodities
d) Commercial paper 4) Short term fund
  5) Trading of financial securities
  6) Share market
  7) Unsecured promissory note
  8) Secured promissory note

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Capital market is the market for the long term funds.


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Treasury bills are issued by commercial banks.


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When trade bills are accepted by commercial banks, it is known as _________.


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Unsecured negotiable promissory notes issued by a commercial bank is called as _______.


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Answer in one sentence.
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Answer in brief.
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Answer in brief.
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