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Economics
MEDIUM
ENGLISH
Economics
“Term bond” are bonds whose principle is payable at maturity. What does mean by Term certificate?
A
A bond with a longer time to maturity
Option A
A certificate of deposit whose principal is payable at maturity
Correct answer
C
A certificate of deposit with a shorter time to maturity
Option C
D
certificate of deposit with a longer time to maturity
Option D
Correct answer: B
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