- CFA Exams
- CFA Level I Exam
- Study Session 14. Fixed Income (1)
- Reading 43. Fixed-Income Markets: Issuance, Trading, and Funding
- Subject 5. Short-Term Funding Alternatives Available to Banks
CFA Practice Question
Which statement regarding CDs is FALSE?
A. They are available in domestic bond markets and Eurobond markets.
B. Small-denomination CDs are an important source of wholesale funds.
C. Negotiable CDs can be traded in the open market.
Explanation: Small-denomination CDs are a retail-oriented product.
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