Bank-issued deposits that are typically transferable, with a fixed maturity date and predetermined interest rate, are categorized as _____________?

Money Markets MCQs for PPSC, FPSC, NTS, and Pakistan government job tests. Select an option below, then read the explanation.

PPSCFPSCNTSPakistan govt jobs
Subject
Money Marketsfinance-mcqs › money-markets
Published
12 May 2023
Last updated
28 May 2026

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Explanation

Certificates of deposit provided by banks are usually negotiable instruments that specify a maturity date and an interest rate, making them known as negotiable certificates.

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