A(n)________ is a type of instrument that is payable to anyone in physical possession of the instrument and presents it for payment when it is due.
A) certificate of deposit
B) order instrument
C) bearer instrument
D) check

Question

Quizplus · Accepted Answer

A bearer instrument is a type of negotiable instrument that is payable to anyone who has physical possession of the instrument when it is presented for payment. This means that the payee's name is not written on the instrument and it can be transferred from one person to another by simply handing it over. Examples of bearer instruments include bearer bonds, savings bonds, and certain types of money orders.

A(n)________ Is a Type of Instrument That Is Payable to Anyone