Gwen deposits $5,000 with Home Bank on July 1, 2018. Home Bank promises to repay Gwen the $5,000 plus 1 percent annual interest on July 1, 2023. Home Bank has issued Gwen
a. a certificate of deposit.
b. a check.
c. a nonnegotiable instrument.
d. a trade acceptance
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Gwen deposits $5,000 with Home Bank on July 1, 2018. Home Bank promises to repay Gwen the $5,000 plus 1 percent annual interest on July 1, ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Sammy has worked for a company with a retirement program, and today is retiring from her job with the amount of $105 in her retirement account.
Answers (1)
Cindy is very interested in animals. Which of these careers is most likely the best for her? O A. financial advisory B. lawyer O c. disc jockey O D. veterinarian
Answers (2)
Kirby and Helen form Red Corporation. Kirby transfers property, the basis of $20,000 and a value of $300,000, for 100 shares in Red Corporation.
Answers (1)
At the beginning of 2021, Brad's Heating & Air (BHA) has a balance of $24,200 in accounts receivable. Because BHA is a privately owned company, the company has used only the direct write-off method to account for uncollectible accounts.
Answers (1)
A channel of distribution: A. is any series of firms or individuals who participate in the flow of goods and services from producer to consumer or final user. B. is only needed when products must be stored. C. must include one or more intermediaries.
Answers (1)
New Questions in Business
Suppose the economy is currently operating at potential output; an expansionary gap may be caused by each of the following except: a positive demand shock. a positive inflation shock. an increase in government spending.
Answers (1)
Which of the following is not correct? a. The value of the economist's language lies in its ability to provide you with a new and useful way of thinking about the world in which you live. b. Economists use some familiar words in specialized ways. c.
Answers (1)
Although the term "trust" came to be a general term for any big business, there were legal differences between a formal "trust" and a "holding company." Explain the differences. What were the advantages of the latter?
Answers (1)
Which group holds slightly more than half of the professional jobs in the United States? A. Hispanic Americans. B. the unemployed. C. farmers. D. women.
Answers (2)
On January 2, 2019, Kornis Corporation acquired equipment for $ 1 comma 000 comma 000. The estimated life of the equipment is 5 years or 50 comma 000 hours. The estimated residual value is $ 40 comma 000.
Answers (1)