Consider the following statements and identify the right ones.1 The certificate of deposits are issued at a discount to the face value2 The issuing institution can repurchase it before maturity period.

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Q:89

Consider the following statements and identify the right ones.
1 The certificate of deposits are issued at a discount to the face value
2 The issuing institution can repurchase it before maturity period.

1 only

2 only

both

none

Explanation:

The issuing institution cannot repurchase it before maturity period.

Next Question

Which of the following is a criterion for issuing commercial paper market?
1. It should be a listed company
2. It should have a working capital of 5 crores at least

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