Answer:
The asnwer is C, Certificate of deposit.
Explanation:
In the U.S., securities are defined as contracts in which one party invests money with another and expects to make a return.
Regular bank cerificates of deposits are not regulated as securities.
Cerificates of deposits are time-deposit agreements between individuals and banks that involve a depositor committing funds to the bank for a predetermined period of time in exchange for a specified rate of interest.
