Certificate of Deposits (CDs) ________

Multiple Choice

Certificate of deposits (CDs) ________.

A) are financial assets issued by banks or thrifts that indicate a specified sum of money has been deposited at an issuing depository institution.
B) are issued by banks but not thrifts to raise funds for financing their business activities.
C) bear a maturity date and a specified interest rate, but cannot be issued in any denomination.
D) are issued by banks that are not insured by the Federal Deposit Insurance Corporation.