“Term bond” are bonds whose principle is payable at maturity. What does mean by Term certificate?

A. A bond with a longer time to maturity
B. A certificate of deposit whose principal is payable at maturity
C. A certificate of deposit with a shorter time to maturity
D. certificate of deposit with a longer time to maturity

Correct Answer: A certificate of deposit whose principal is payable at maturity ✔

Last Updated: June 18, 2019