首页
登录
职称英语
The market for large business certificates of deposit or negotiable certific
The market for large business certificates of deposit or negotiable certific
游客
2025-06-20
26
管理
问题
The market for large business certificates of deposit or negotiable certificates of deposit (CDs) in denominations of $100,000 or more has been active since 1961. It is a money market specializing in the sale of Marketable, interest-yielding deposit certificates with specified maturity dates, issued by four types of financial intermediaries. Domestic CDs are issued by US banks. Dollar-de- nominated CDs issued by banks outside the United States are called Euro CDs. The CDs issued by US branches of foreign banks are called Yankee CDs. Thrift CDs are the name used to designates CDs issued by domestic thrifts.
The holder of a CD who wishes to exchange it for money before its maturity date will ask a money market participant (often a commercial bank) to arrange a sale through a specialized dealer. There is an active secondary market in CDs centered in New York. There are approximately 25 dealers in CDs.
The CD is an instrument that allows the depository intermediaries to raise funds at competitive market rates. It is called one of their managed liabilities. Since they loan out funds at their lending rates, they would normally keep their advertised prime rate above the CD rate. As noted previously, the prime rate formula that had been used by Citibank set the prime one-and-a-half percentage points above the previous three-week average of 90-day (3-month) CDs sold in the secondary market.
The yield on 3-month CDs is usually higher than 3-month Treasury bills. Treasury bills have a lower default risk and exempt from state and local tax. This may explain the extent of the spread. [br] CDs may be exchanged for money before its maturity date either in money markets or at commercial banks.
选项
A、Right
B、Wrong
C、Doesn’t say
答案
C
解析
文章第二段开头提到The holder of a CD…will ask a money market participant (often a commercial bank) to arrange a sale through a specialized dealer。并没有提及在哪里交易。a specialized dealer专业交易者。
转载请注明原文地址:http://tihaiku.com/zcyy/4126351.html
相关试题推荐
Termloansaredesignedtofundlong-and-medium-termbusinessinvestments,s
Themarketforlargebusinesscertificatesofdepositornegotiablecertific
Intheforeignexchangemarket,whichismadeupofbanks’tradersandbrok
Intheforeignexchangemarket,whichismadeupofbanks’tradersandbrok
Intheforeignexchangemarket,whichismadeupofbanks’tradersandbrok
Intheforeignexchangemarket,whichismadeupofbanks’tradersandbrok
Intheforeignexchangemarket,whichismadeupofbanks’tradersandbrok
Acertificateofdeposit(CD)isissuedbyadepository-institution(56)
Acertificateofdeposit(CD)isissuedbyadepository-institution(56)
Whatisthereserverequirement?A、Therequirementofabanktodepositapercent
随机试题
Sheissucha______person,alwaysaskinghowI’mfeeling.A、considerableB、consi
They’resatisfiedwiththerepliesthey’vereceivedfromthepublic______far.A
[originaltext]Thegroundwatercanbedividedinto"softwater"and"hardw
所有植物都有光周期特性。
能刺激淋巴细胞增殖的物质不包括A.肿瘤抗原 B.PHA C.噬菌体 D.C
27岁,初孕妇,36周妊娠。孕早、中期无特殊,近1周来感头晕,今1小时前突感头痛
简述教学反思对教师专业发展的作用。
幼儿园课程设计目标模式的含义及特点是什么?
中国地形分布的规律是地势西高东低,呈三级阶梯,自西而东,逐渐下降。()
被代理人死亡后,被代理人死亡前已经实施,为了被代理人的继承人的利益继续实施的委托
最新回复
(
0
)