Which of the Following Is a Promise Made by a Bank

question 10

Multiple Choice

Which of the following is a promise made by a bank to pay a payee a certain amount of money at a future time?

• A) A note
• B) A draft
• C) A novation
• D) A check
• E) A certificate of deposit

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Definitions:

Qualitative Forecasting Methods

Forecasting techniques based on expert judgments and not on numerical data, often used for market trends.

Time Series Forecasting Methods

Statistical techniques used to predict future values based on previously observed values over time, often applied in finance, weather forecasting, and inventory management.

Simplicity

The quality of being easily understood or executed without complexity.

Starting Point

The initial position, condition, or phase from which a process, project, or calculation begins.