美国CPA模拟习题：商业环境——商业票据（五）

为了帮助参加2014年美国cpa考试的学员巩固知识，提高备考效果，正保会计网校特为大家整理了美国cpa考试模拟试题，帮助广大考生一起学习一起进步。

Under the Commercial Paper Article of the UCC, which of the following documents would be considered an order to pay?

I.Draft.

II.Certificate of deposit.

a.I only.

b.Both I and II.

c.Neither I nor II.

d.II only.

Explanation

Choice "a" is correct. Order paper is three-party paper where one person orders another to pay yet a third person. A draft is order paper. A certificate of deposit is two-party paper. In a CD, a bank acknowledges receipt of money and promises to pay. UCC 3-104