Certificate of deposits represents title to time deposits with a commercial bank which can be negoti...........

Economic Affairs Types of Banks and Banking

Certificate of deposits represents title to time deposits with a commercial bank which can be negotiated. It was allowed in

1989

1987

1992

1991

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Explanation:

A certificate of deposit (CD) is a savings certificate with a fixed maturity date, specified fixed interest rate and can be issued in any denomination aside from minimum investment requirements. A CD restricts access to the funds until the maturity date of the investment.

They were allowed in 1992.