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Masteriza [31]
3 years ago
8

A savings certificate, or promissory note issued by a bank that entitles the holder to interest on their deposited monies. true

or false
Social Studies
2 answers:
Mariulka [41]3 years ago
4 0
I think that statement is True

This kind of savings certificate or promissory note is called a Certificate of Deposit
Certificate of Deposit usually issued by commercial banks for someone who deposited their money on that bank for a specific period of time

 
Fiesta28 [93]3 years ago
4 0

Answer:

True

Explanation:

In general, the advantage of having a saving account (as opposed to a chequings one) is that the bank entitles the holder to interest on the deposited money. This is expressed in a document called savings certificate, or promisory note. The existence of this document ensures that the holder can save more money quickly.

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