Explanation

Let's analyze each option:

Option A: Small-denomination CDs are typically traded among institutional investors.

• This is incorrect. Small-denomination CDs are typically held by retail investors, not traded among institutional investors. Institutional investors typically trade large-denomination CDs.

Option B: Non-negotiable CDs can be sold in the open market prior to the maturity date.

• This is incorrect. Non-negotiable CDs cannot be sold in the open market before maturity. The term "non-negotiable" means they cannot be transferred or sold to another party. Only negotiable CDs can be traded in secondary markets.

Option C: CDs are available in domestic bond markets as well as in the Eurobond market.

• This is correct. Certificates of deposit (CDs) are indeed available in both domestic markets (issued by domestic banks in local currency) and in the Eurobond market (issued in a currency different from the currency of the country where the bank is located).

Key Points about Certificates of Deposit (CDs):

1. Types of CDs:

   • Negotiable CDs: Can be traded in secondary markets
   • Non-negotiable CDs: Cannot be transferred or sold before maturity

2. Market Segments:

   • Domestic CDs: Issued in the domestic currency of the issuing bank
   • Euro CDs: Issued in a currency different from the domestic currency of the issuing bank
   • Yankee CDs: Dollar-denominated CDs issued in the US by foreign banks

3. Investor Base:

   • Large-denomination CDs: Typically held by institutional investors
   • Small-denomination CDs: Typically held by retail investors

The most accurate statement is Option C because CDs are indeed available in both domestic and Eurobond markets, making them an important instrument in global fixed income markets.