A Certificate of Deposit Differs from a Promissory Note in That

question 62

Multiple Choice

A certificate of deposit differs from a promissory note in that:

• A) the maker is always a bank.
• B) there are three parties to the transaction.
• C) the payee of a CD must be paid on demand.
• D) Both the maker is always a bank  and the payee of a CD must be paid on demand .

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Definitions:

Personal Values

Core beliefs or standards that guide and motivate attitudes and actions.

Neuroticism

A personality trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

Extraversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high amounts of emotional expressiveness.

Openness

One of the five major dimensions of personality, characterized by an appreciation for art, emotion, adventure, and unusual ideas; imaginative and curious individuals.