A certificate of deposit is an instrument containing an acknowledgement by a bank that it has received a deposit of money and a promise by the bank to repay the sum of money.
Correct Answer:
Verified
Q10: A certificate of deposit is:
A) an instrument
Q11: A person could create a negotiable instrument
Q12: When a person buys a television set
Q13: For an instrument to be negotiable, it
Q14: Commercial paper is:
A) the basic selling document
Q16: If there are conflicting terms on commercial
Q17: Which of the following is true of
Q18: Which of the following statements is true
Q19: For an instrument to be negotiable, it
Q20: A two-party instrument in which one person
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