Multiple Choice
Regarding a certificate of deposit:
A) the financial institution is the drawee.
B) the financial institution is the drawer.
C) the financial institution is the payee.
D) the financial institution is the maker.
E) there is no financial institution involved with a certificate of deposit
Correct Answer:
Verified
Correct Answer:
Verified
Q138: Instruments that are payable at a definite
Q139: If there is no room for indorsement
Q140: The words of negotiation,"pay to the order
Q141: For _ to be negotiated,there must be
Q142: Negotiation of which type(s)of instrument requires indorsement?<br>A)
Q144: Some forms of negotiable instruments extend credit
Q145: Which of the following is order paper?<br>A)
Q146: A check is an order to pay.
Q147: Another term for negotiable instrument is _.<br>A)
Q148: "Pay to Kathy Young" is a restrictive