Negotiable certificates of deposit are generally categorized as which type of instrument?

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

Negotiable certificates of deposit are typically considered bearer instruments because they are payable to the holder or bearer, allowing easy transfer without endorsement.

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