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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Definitions:

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The ability of soil to provide essential nutrients to plants, crucial for agriculture and natural ecosystems.

Renew

To restore to a fresh condition or to regenerate, often referring to natural resources, energy, or policies aimed at sustainability.

Conquering

The act of gaining control over a territory, region, or geopolitical entity, often involving military force.

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Indigenous populations originally inhabiting a particular region, possessing unique cultures, traditions, and often experiencing impacts from colonization and modern development.