Multiple Choice
Which of the following correctly describes a certificate of deposit?
A) It is a draft that is payable by a bank.
B) It is not considered to be a negotiable instrument.
C) It is a note that is payable on demand.
D) It is a note where the depositor is the payee.
E) It is a money order where the drawee is a bank.
Correct Answer:
Verified
Correct Answer:
Verified
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