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:

Book Publisher

A company or individual responsible for the reproduction, marketing, and distribution of books.

Manufacturing Business

A type of business that produces goods through the process of raw materials conversion using labor, machinery, and equipment.

Dressmaking Company

A business that specializes in creating clothing according to specific designs and measurements, often providing custom tailoring services.

Manufacturing Business

An enterprise engaged in the industrial production of goods from raw materials through the use of labor, machinery, and equipment.