Solved

An Instrument Containing an Acknowledgment That a Bank Has Received

Question 36

Multiple Choice

An instrument containing an acknowledgment that a bank has received a sum of money and a promise by the bank to repay the sum of money is called a(n) :


A) installment note.
B) certificate of deposit.
C) promissory note.
D) certificate of demand.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents