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A Substitute for Cash, or ________, Is a Written Document

Question 53

Multiple Choice

A substitute for cash, or ________, is a written document containing the signature of the creator that makes an unconditional promise to pay.


A) a nonnegotiable instrument
B) a negotiable instrument
C) a payable document
D) a nonpayable document
E) an endorsed payable document

Correct Answer:

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