Which of the following terms pertains to a body of law governing negotiable instruments?

The correct answer pertains to the Uniform Commercial Code (UCC), which is a comprehensive set of laws governing commercial transactions in the United States, including negotiable instruments. The UCC provides standardized legal rules and responsibilities that facilitate the sale of goods and the issuance of negotiable instruments such as checks and promissory notes. This uniformity helps protect both parties involved in financial transactions, ensuring clarity and consistency in the process.

The other options, while significant in their respective roles within the financial and banking sectors, do not specifically govern negotiable instruments. The Resolution Trust Corporation was created to manage and dispose of assets from failed savings and loan institutions during the savings and loan crisis. The Federal Reserve Board oversees the central bank of the United States, focusing on monetary policy and regulating financial institutions but does not govern the mechanics of negotiable instruments. The Federal Deposit Insurance Corporation is responsible for protecting depositors by insuring deposits at banks and thrift institutions and does not directly deal with negotiable instrument law. Thus, the UCC is the only correct choice, as it is the body of law specifically designed for that purpose.