Multiple Choice
Gwen deposits $5,000 with Home State Bank on July 1, 2016. Home State Bank promises to repay Gwen the $5,000 plus 3 percent annual interest on July 1, 2021. Home State Bank issued to Gwen
A) a certificate of deposit.
B) a check.
C) a nonnegotiable instrument.
D) a trade acceptance.
Correct Answer:
Verified
Correct Answer:
Verified
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