An "acknowledgment by a bank" that it has received money from a customer with a promise by the bank that it will repay the money received at a date specified or, in some instances, on demand is a:
A) draft certificate
B) certificate of payment
C) balloon certificate
D) real estate certificate
E) none of the other choices are correct
Correct Answer:
Verified
Q288: Most large certificates of deposit are:
A) not
Q289: A _ requires immediate payment by the
Q290: A creditor is a person or business
Q291: Most large certificates of deposit are:
A) not
Q292: When a payee wants to get cash
Q294: When a payee wants to get cash
Q295: A creditor is one who lends money
Q296: _ are drafts that mature on the
Q297: A creditor is one who lends money
Q298: _ specify payment to be made in
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