A negotiable instrument can function as a substitute for cash.
a. True
b. False 2. a time draft is payable at a definite future time.
a. True
b. False 3. a promissory note payable to "bearer" is not negotiable.
a. True
b. False 4. a certificate of deposit is a type of note.
a. True
b. False 5. a signature can consist of a word, mark, or symbol.
a. True
b. False 6. an instrument that promises to pay "in gold" can be negotiable.
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