A Two-Party Negotiable Instrument That Is a Special Form of Note

question 12

Multiple Choice

A two-party negotiable instrument that is a special form of note created when a person deposits money at a financial institution in exchange for the institution's promise to pay back the amount of the deposit plus an agreed-on rate of interest upon the expiration of a set time period agreed upon by the parties is known as a ________.

• A) collateral note
• B) check
• C) certificate of deposit
• D) bill of exchange

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Definitions:

Compiler

A program that converts code from a high-level programming language to machine language, enabling a computer to execute it.

Typedef Statement

A statement in C and C++ used to create alias names for existing data types, making the code more readable and easier to maintain.

ARRAY[100]

Declares an array capable of holding 100 elements, used in programming to store multiple values in a single variable.

Typedef Statements

Statements used in programming to define new data type names or alias for existing types.