A promise made by a bank to pay a payee a certain amount of money at a future time is called a ________.
A)note
B)draft
C)novation
D)check
E)certificate of deposit

Name: A promise made by a bank to pay a payee a certain amount of money at a future time is called a ________. A)note B)draft C)novation D)check E)certificate of deposit
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

A certificate of deposit is a promise made by a bank to pay a payee a certain amount of money at a future time.

A Promise Made by a Bank to Pay a Payee