Ken presents an instrument that states "pay to the order of Laura" to MegaBank for payment. This instrument is the most common type of negotiable instrument, which is
A) a certificate of deposit.
B) a check.
C) a note.
D) a payment via a mobile device.
Correct Answer:
Verified
Q3: An agency relationship arises between the customer
Q8: A customer can escape liability for failing
Q18: Only a customer or a person authorized
Q20: When a customer deposits cash into a
Q24: Stored-value cards can be used to buy
Q26: A customer must examine a bank statement
Q29: E-money replaces physical cash with virtual cash.
Q30: Any local check deposited must be available
Q38: Smart cards carry and process security programming.
Q40: A bank that pays a customer's check
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