A(n _____ Is a Written Acknowledgment by a Bank That

question 18

Multiple Choice

a(n. _____ is a written acknowledgment by a bank that it has received money and agrees to repay it at the specified time.

• A) indorsement
• B) postdated check
• C) certificate of deposit
• D) time draft
• E) promissory note

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Definitions:

Taxable Entity

A taxable entity is any legal identity or structure that is required to pay taxes to a federal, state, or local government.