A Certificate of Deposit Differs from a Promissory Note in That

question 16

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 (a) and (b).

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Definitions:

Repetitive Manufacturing

A production method where the same products or components are produced in a continuous flow or on a repetitive basis.

Intermittent Process

Refers to a production system where the flow of materials is irregular, handling a variety of products or services.

First Come

A principle where services or resources are allocated to recipients in the order of their arrival or request.

First Served

First served, traditionally known as "first come, first served," is a service principle where customers are attended to in the order of their arrival or request.