A certificate of deposit differs from a promissory note in that,with a certificate of deposit:
A) the maker is always a bank.
B) there are three parties to the transaction.
C) the payee of a CD must be paid on demand.
D) a writing is required.

Question

Quizplus · Accepted Answer

With a certificate of deposit, the maker is always a bank, whereas a promissory note can be made by any borrower.

A Certificate of Deposit Differs from a Promissory Note in That,with