Which statement is correct?

Commercial paper is highly marketable.

All T-bills are issued with 90-day maturities.

A certificate of deposit is a short-term loan to the government.

Any CD with a face amount of $10,000 or more is classified as a jumbo CD.

Money market preferred securities have less price volatility than ordinary preferred.

Which statement is correct?

Disbursement float is the period of time between a firm making a bank deposit and the funds from that deposit being available to the firm.

Disbursement float decreases when a check is delayed in the mail due to an extended holiday weekend.

Disbursement float causes the available balance to exceed the ledger balance.

Disbursement float is being totally eliminated by the Check Clearing Act for the 21^st Century.

Disbursement float exists when the available balance is less than the book balance.

The maximum amount of securities a company can issue in a 12-month period through crowdfunding is:

$50,000.

$50,000 the first year and up to $100,000 per year after that.

$100,000 per year during the first two years and up to $500,000 any year thereafter.

$1 million.

$100,000 per year up to a cumulative total of $1 million in all years.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The correct statement is Any CD with a face amount of 10000 or more is classified as a ju... View the full answer