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

## 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.

Author: LeetQuiz .