Which is the correct term for a promise made by a bank to pay a payee a certain amount of money at a future time?
A)A certificate of deposit
B)A check
C)A novation
D)A note
E)A draft

Question

Quizplus · Accepted Answer

A)A certificate of deposit,or CD,is a promise by a bank to pay a payee a certain
amount of money at a future time.
B)A certificate of deposit,or CD,is a promise by a bank to pay a payee a certain amount of money at a future time.
C)A certificate of deposit,or CD,is a promise by a bank to pay a payee a certain amount of money at a future time.
D)A certificate of deposit,or CD,is a promise by a bank to pay a payee a certain amount of money at a future time.
E)A certificate of deposit,or CD,is a promise by a bank to pay a payee a certain amount of money at a future time.

Which Is the Correct Term for a Promise Made by a Bank