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:

Specific Object

An item or thing that is distinctly identified or defined.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, often related to imminent events or something with an unpredictable result.

Hysteria

A psychological disorder characterized by excessive or uncontrollable emotion or excitement, now recognized as a variety of disorders.

Opposite Extremes

Situations, concepts, or phenomena that are completely contrary to each other, exhibiting no common ground.