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GK MCQs Section
Q. Which of the following is a money market instrument that represents time deposits with a fixed maturity?
Answer: Certificate of Deposit (CD)
Notes: A Certificate of Deposit is a negotiable money market instrument issued by banks, representing time deposits with a fixed maturity and higher interest rates than savings accounts.
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📌 Question Number: 7 in Important Terms Related to Money Markets in the above course in App.