An instrument containing an acknowledgment that a bank has received a sum of money and a promise by the bank to repay the sum of money is called a(n) :

A) installment note.
B) certificate of deposit.
C) promissory note.
D) certificate of demand.

Certificate of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate, often issued by banks.

Promissory Note

A financial document in which one party (the maker) promises to pay another party (the bearer) a definite sum of money, either on a specific date or upon demand.