A ________ is an example of a promise to pay.
A) lease
B) certificate of deposit
C) draft
D) check

Question

Quizplus · Accepted Answer

A certificate of deposit is a promise to pay a specific amount of money to the holder of the certificate at a future date with a fixed interest rate. A lease is a contract between a landlord and a tenant for the use of property. A draft is a written order by one party to another to pay a specified sum of money to a third party. A check is a written order to a bank to pay a specified amount of money to a person or entity.

A ________ Is an Example of a Promise to Pay