Rico Agrees to Buy a Bicycle from Salvatore for $250

Multiple Choice

Rico agrees to buy a bicycle from Salvatore for $250. Salvatore agrees to deliver the bike on September 1. Rico writes a draft for $250 payable to Salvatore on September 1. This is

A) ​a certificate of deposit.
B) ​a time draft.
C) ​a sight draft.
D) ​a promissory note.