It is an order for the bank to pay a specified amount of money to the bearer of the time draft on a given date Options: A . &nbspBanker's acceptance B . &nbspCertificate of Deposit C . &nbspNegotiable certificate of deposit D . &nbspTime Draft

It is an order for the bank to pay a specified amount of money to the bearer of

Question

It is an order for the bank to pay a specified amount of money to the bearer of the time draft on a given date

Options:

A . Banker's acceptance

B . Certificate of Deposit

C . Negotiable certificate of deposit

D . Time Draft

Answer: Option D

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