Certificates of deposits

Form of commercial paper in which banks place short-term bearer bonds with a maturity mainly between three and twelve months on the market. They are typically placed with institutional investors. – See euro notes.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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