Which of the Following Correctly Describes a Certificate of Deposit

question 57

Multiple Choice

Which of the following correctly describes a certificate of deposit?

• A)It is a draft that is payable by a bank.
• B)It is not considered to be a negotiable instrument.
• C)It is a note that is payable on demand.
• D)It is a note where the maker is a bank.
• E)It is a money order where the maker is a bank.

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