B is corrent. The requirement is to identify the instrument that is classified as a promise to pay. A certificate of deposit is a promise from a financial institution to pay to the depositor principle plus interest. A is incorrect because a trade acceptance is a type of draft and contains an order to pay, not a promise to pay. C is incorrect because a draft contains an order to pay, not a promise to pay. D is incorrect because a check contains an order to pay, not a promise to pay.
|