Correct Answer: A written promise by the maker to pay money to the payee.
Explanation:
Note: This Question is unanswered, help us to find answer for this one
Retail Banking Industry And Processes Skill Assessment
Your Skill Level: Poor
Retake Quizzes to improve it
More Retail Banking Industry And Processes MCQ Questions
Why do banks charge higher interest rates from customers with poorer credit?
Why do offshore banks not save someone from paying taxes on the money in the account?
What is the definition of a negotiable instrument?
What amount would a customer be covered for by the FDIC if he/she had $250,000 in savings at Bank XYZ, and also $50,000 in a retirement account with the same bank?
What amount would a customer be insured for if they made deposits to their accounts at three different locations of their bank?
What is a "bill of exchange"?
What is one criticism of offshore banking?
What is meant by the term "Thrift"?
Checking all bank account papers to make sure that the bank records and your records agree is known as:
What is the current maximum limit that the FDIC will insure any one person at a bank for?