| Which of the following statement is true about certificate of deposit? (1) It is a secure instrument in comparison to commercial paper. (2) It is a promissory note (3) It is traded in the capital market. (4) It was introduced in 1990. |
A) Option 1 & 2 are false
B) Option 3 & 4 are false
C) Option 2 & 3 are correct.
D) Option 1, 3 & 4 are correct.
E) All options are correct.
Correct Answer: B
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