A Draft Made Out in the United States Calls for Payment

Multiple Choice

A draft made out in the United States calls for payment in German marks. Which of the following statements is correct?

A) The draft is nonnegotiable since it must be paid in German marks.
B) The draft is nonnegotiable because the rate of exchange fluctuates and it will interfere with the requirement that the instrument be payable in a fixed sum of money.
C) The draft is negotiable if it satisfies all the requirements of negotiability under Article 3 of the UCC.
D) The instrument is negotiable only if the exchange rate is written on the draft.