A negotiable instrument can function as a substitute for cash.

a. True

b. False 2. a time draft is payable at a definite future time.

a. True

b. False 3. a promissory note payable to "bearer" is not negotiable.

a. True

b. False 4. a certificate of deposit is a type of note.

a. True

b. False 5. a signature can consist of a word, mark, or symbol.

a. True

b. False 6. an instrument that promises to pay "in gold" can be negotiable.

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)