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Unformatted text preview: htly higher than
U.S. Treasury issues 1.80%c Negotiable
of deposit (CDs) Represent specific cash deposits in
commercial banks; amounts and
maturities tailored to investor
needs; large denominations; good
secondary market 1 month to
3 years Higher than U.S.
Treasury issues and
commercial paper 1.83% Commercial
with a high
credit standing Unsecured note of issuer; large
denominations 3 to 270 days Higher than U.S.
to negotiable CDs 1.80% Banker’s
acceptances Banks Results from a bank guarantee of
a business transaction; sold at
discount from maturity value 30 to
180 days About the same as
negotiable CDs and
but higher than U.S.
Treasury issues 1.86% Eurodollar
banks Deposits of currency not native to
the country in which the bank
is located; large denominations;
active secondary market 1 day to
3 years Highest, due to
less regulation of
and some foreign
exchange risk 1.91% Money market
mutual funds Professiona...
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