Economics · Banking and Finance
According to the regulatory guidelines, which of the following categories are authorized to purchase or invest in a Certificate of Deposit (CD)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only non-resident Indians (NRIs)
- 2Individuals, corporations, and trusts✓
- 3Only commercial banks and insurance companies
- 4Only individuals
Correct answer
Individuals, corporations, and trusts
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