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An "Acknowledgment by a Bank" That It Has Received Money

Question 293

Multiple Choice

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:

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