A __________ is a specialized form of promise to pay money given by a maker in which the bank is the maker.
A) note
B) cashier's check
C) trade acceptance
D) certificate of deposit
Correct Answer:
Verified
Q21: Form of the document has no effect
Q23: Jones signed a 90-day note promising to
Q28: Under the Check 21 Act:
A) banks must
Q28: A cashier's check is a check drawn
Q30: A certificate of deposit differs from a
Q30: An "I.O.U." is a negotiable instrument.
Q31: Postdating an instrument will destroy its negotiability.
Q35: Carol buys some items at the drugstore
Q36: Bill goes to First Bank to get
Q37: To be negotiable, the instrument must satisfy
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