The primary difference in certificates of deposit (CDs) that are equal to or less than $100,000 and those over $100,000 (other than the amount) is:
A. CDs equal to or less than $100,000 are issued for only six months or less.
B. a bank does not have to include CDs equal to or less than $100,000 in its liabilities.
C. CDs greater than $100,000 are issued for only six months or less.
D. CDs greater than $100,000 are negotiable and therefore can be bought and sold.
Answer: D
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Exhibit 6-15 Long-run average cost
?
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