Kris presents an instrument that states “pay to the order of Liv” to Metro Bank for payment. This is a special type of draft drawn on a bank, ordering the bank to pay a fixed amount of money on demand. This is
A. a certificate of deposit.
B. a check.
C. a debit card transaction receipt.
D. a trade acceptance.
Answer:B
Kris presents an instrument that states “pay to the order of Liv” to Metro Bank for payment. This is a special type of draft drawn on a bank, ordering the bank to pay a fixed amount of money on demand. This is
A. a certificate of deposit. B. a check. C. a debit card transaction receipt. D. a trade acceptance.