Belinda asks Jordan to explain what an example of a negotiable instrument is for their upcoming test. Which of the following should Jordan tell Belinda are examples of negotiable instruments?
A) Checks only
B) Drafts and checks only
C) Promissory notes only
D) Promissory notes and certificates of deposits, but not checks or drafts
E) Checks, drafts, certificates of deposit, and promissory notes

Question

Quizplus · Accepted Answer

Negotiable instruments include checks, drafts, certificates of deposit, and promissory notes. These are formal financial instruments that are written and signed, promising to pay a specified sum of money to a specified person or the bearer under specific terms.

Belinda Asks Jordan to Explain What an Example of a Negotiable