Series 50: Exercise

Taken from our Series 50 Online Guide

Exercise

Match the term with its description.

1._____ Guaranteed investment contract (GIC)

2._____ Certificate of deposit (CD)

3._____ Commercial paper

4._____ T-bill

5._____ Banker’s acceptance

A.Is considered safe, can have a term up to 270 days, and is generally issued in lots of $100,000

B.Specifies that, for example, a life insurance company will repay a principal balance with int

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