IIA
IIA-CFSA · Question #183
Negotiable certificates are:
The correct answer is B. Tradable certificates issued by commercial banks in exchange for time deposits. See the full explanation below for the reasoning.
Question
Negotiable certificates are:
Options
- AMutual funds that invests in short-term liquid securities.
- BTradable certificates issued by commercial banks in exchange for time deposits.
- CAre instruments issued by corporations with good credit ratings and are in effect an unsecured
- DAre U.S. currency deposited in banks outside the United States
How the community answered
(27 responses)- A7% (2)
- B81% (22)
- C7% (2)
- D4% (1)
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