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Willy Deposits $5,000 with Home State Bank on July 1

Question 6

Multiple Choice

Willy deposits $5,000 with Home State Bank on July 1, 2012. Home State Bank promises to repay Willy the $5,000 plus 3 percent annual interest on July 1, 2017. This is


A) a certificate of deposit.
B) a cashier's check.
C) none of the choices.
D) a draft.

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