Scott presents an instrument that states "pay to the order of Scott" to Town Bank 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 trade acceptance.

Question

Quizplus · Accepted Answer

The instrument presented by Scott, which states "pay to the order of Scott", is a check. This is a type of negotiable instrument commonly used for payments and transactions. The other options (A, C, and D) are also types of negotiable instruments, but they are not applicable in the given scenario.

Scott Presents an Instrument That States "Pay to the Order