Can I read Certificate of Deposite on EtoBox?

Certificate of Deposite by Dharani Dharan is a document available to read on EtoBox.

What is Certificate of Deposite about?

The scheme was introduced in July 1989, to enable the banking system to mobilise bulk deposits from the market, which they can have at competitive rates of interest. CDs are short term deposit instruments issued by banks and financial institutions to raise large sums of money. The banks in USA in 1960s introduced CDs which are freely negotiable and marketable any time before maturity.

Author

Dharani Dharan

Language

EN