ACI
3I0-012 · Question #331
What is the major difference between a CD and a deposit?
The correct answer is C. The CD is a transferable instrument. See the full explanation below for the reasoning.
Question
What is the major difference between a CD and a deposit?
Options
- AThe CD yields a higher rate of return
- BThe CD has less credit risk
- CThe CD is a transferable instrument
- DThe CD has a shorter range of maturities
How the community answered
(47 responses)- A4% (2)
- B2% (1)
- C83% (39)
- D11% (5)
Community Discussion
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