Question

A Certificate of Deposit (C

  • D in the Indian money market is best described as:
A An unsecured, negotiable, short-to-medium term debt instrument issued by banks/FIs in dematerialised form
B A government-guaranteed savings certificate sold at post offices
C A long-term equity instrument convertible into shares
D A collateralised loan issued only to corporates
E A retail fixed deposit that cannot be transferred
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