Vivian Purchases a Certificate of Deposit for $10,000 at Right

question 9

Multiple Choice

Vivian purchases a certificate of deposit for $10,000 at Right Now Bank. What does the certificate of deposit give Vivian?

• A) A note of the bank that gives the right to collect the principal plus interest at a future date.
• B) An instrument that states that it is payable 30 days after presentment.
• C) A time instrument that is payable within 10 days after presentment.
• D) An instrument that states that it is payable on demand or at sight or otherwise indicates that it is payable at the will of the holder, or does not state any time of payment.
• E) An instrument that states that it is payable on demand or at sight or otherwise indicates that it is payable at the will of the holder; does not state any time of payment; or is payable within ten days after presentment.

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Definitions:

Corporate Brand

The collective identity, values, and personality of a company as perceived by the public, employees, and stakeholders.

Franchises

Licensing arrangements whereby an individual or company can use a firm's business model and brand for a prescribed period.

Salaried Manager

A manager who is compensated with a fixed salary rather than an hourly wage.

Monitoring

The process of overseeing activities or performance, often used in contexts like employee performance, quality control, or compliance with regulations.