Advertisements
Advertisements
Question
What is the maturity range of Certificates of Deposit?
Options
Less than 15 days
15 days to 1 year
91 days to 1 year
14 days to 364 days
MCQ
Advertisements
Solution
Certificates of Deposit mature in 91 days to 1 year. They therefore fall within the money market’s one-year-or-less maturity period.
shaalaa.com
Is there an error in this question or solution?
