Q. What is the maximum and minimum maturity of Certificate of Deposit issued by financialInstitutions? (Solved)
1. Certificate of deposit issued by financial Institutions are for 1 year to 3 years.
2. Certificate of deposit issued by financial Institutions are for 7 days to 364 days.
3. Certificate of deposit issued by financial Institutions are for 15 days to 90 days.
4. None of these.
- b. Certificate of deposit issued by financial Institutions are for 7 days to 364 days.