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    5. Which of the following statements is correct? A. Certificate of Deposits are negotiable and therefor

    Question

    Which of the following statements is correct? A.

    Certificate of Deposits are negotiable and therefore also attracts stamp duty B. Certificate of Deposits (CDs) are collateralised and bearer instrument
    A a) Only A Correct Answer Incorrect Answer
    B b) Only B Correct Answer Incorrect Answer
    C c) Both A and B are correct Correct Answer Incorrect Answer
    D d) Both A and B are incorrect Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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