True/False
On a certificate of deposit, the bank is the maker and the depositor is the payee.
Correct Answer:
Verified
Related Questions
Q4: For a certificate of deposit to be
Q5: A sight draft may be payable on
Q6: For an instrument to be negotiable, the
Q7: With respect to negotiability, the location of
Q8: A time draft is payable at a
Q10: A demand instrument is payable immediately after
Q11: A promissory note must name a specific
Q12: The most common type of draft is
Q13: A promissory note can be a negotiable
Q14: A check is a time instrument because
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents