n NISM Certifications
V-A NISM Series V-A
Medium

Who issues the 'Certificate of Deposit'?

Practice question from Nism VA Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Government

  2. B

    Multinationals

  3. Banks

    Correct answer

  4. D

    Mutual Funds

Why this is the answer

Banks issue Certificates of Deposit for terms ranging from 7 days to 1 year, while financial institutions issue them for 1 to 3 years.

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