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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