An Acknowledgment by a Bank That It Has Received Money

question 66

True/False

An acknowledgment by a bank that it has received money from a customer with a promise by the bank that it will repay the money received at a specified date is a certificate of deposit.

---

Definitions:

First Level

The initial or elementary stage in a series or categorization system.

Physical and Economic Survival

The requirement for basic necessities that sustain life and the financial means to secure these necessities.

Understanding Others

involves the ability to empathize and comprehend the thoughts, emotions, and behaviors of others, fostering better interpersonal relationships.

Sensitivity

The quality of being quick to detect or respond to slight changes, signals, or influences.