A is a promise by a bank to repay a sum of money received by it
A)certificate of deposit
B)real estate mortgage note
C)registered bond
D)bank note

Name: A is a promise by a bank to repay a sum of money received by it A)certificate of deposit B)real estate mortgage note C)registered bond D)bank note
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Question

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A certificate of deposit (CD) is a financial product commonly offered by banks and credit unions where the institution promises to pay back the money deposited, plus interest, after a specified period.

A Is a Promise by a Bank to Repay a Sum