A bond is a b. certificate of indebtedness.
A zero percent debt certificate (zero percent I or simply C's I) is Treasury securities that do not earn interest. It is intended to be used as a source of funding for the purchase of eligible interest-bearing securities. There is no limit to the amount that CofI can hold.
Certificates of deposit (CDs), promissory notes, bond certificates, floaters, and other bonds are all called promissory notes because they are in the form of obligations issued by the government or legal entity that charges the owner. To the issuer's unsecured assets
Bonds are promissory notes that specify the borrower's obligations to bondholders.
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