A certificate of deposit represents a loan by its owner to a bank.
Correct Answer:
Verified
Q8: An order stating "please pay" is too
Q9: A instrument "payable to the order of
Q9: A sight draft is payable on sight.
Q11: A trade acceptance is a promissory note.
Q13: On a cashier's check,the drawer is also
Q14: To be negotiable,an instrument must be payable
Q15: To be negotiable,an instrument must be signed
Q16: An instrument that is "payable on presentment"
Q17: A negotiable instrument can function as an
Q40: An instrument that promises to pay "in
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