menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Contemporary Business
  4. Exam
    Exam 20: Creation and Transfer of Negotiable Instruments
  5. Question
    One of the Common Functions of Negotiable Instruments Is as a Substitute
Solved

One of the Common Functions of Negotiable Instruments Is as a Substitute

Question 17

Question 17

True/False

One of the common functions of negotiable instruments is as a substitute for money.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q12: The financial institution upon which a check

Q13: Which of the following is true about

Q14: The signature on a negotiable instrument must

Q15: A special indorsement creates bearer paper.

Q16: If there is no room on an

Q18: An instrument that is payable to a

Q19: Checks are often indorsed to attorneys,executors of

Q20: Negotiation is the transfer of commercial paper

Q21: Which of the following is true about

Q22: A certificate of deposit is a special

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines