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    A Written Promise to Pay a Sum of Money on Demand
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A Written Promise to Pay a Sum of Money on Demand

Question 96

Question 96

Multiple Choice

A written promise to pay a sum of money on demand or at a definite time is called a(n) :


A) letter of credit.
B) deferred note.
C) credit memorandum.
D) promissory note.

Correct Answer:

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