1.A negotiable instrument can function as a substitute for cash.- TRUE
2. a time draft is payable at a definite future time. TRUE
3. promissory note payable to "bearer" is not negotiable. - FALSE (It is negotiable)
4. A certificate of deposit is a type of note. - TRUE
5. A signature can consist of a word, mark, or symbol. - TRUE
6.An instrument that promises to pay "in gold" can be negotiable.- FALSE ( Anything payable in the form of a commodity like gold cannot be negotiable)
