Multiple Choice
A written order drawn on a bank by a depositor that requests the bank to pay, on demand and unconditionally, a definite sum of money to the bearer of the instrument or to the order of a specified person is called a:
A) price quotation.
B) promissory note.
C) check.
D) demand note.
Correct Answer:
Verified
Correct Answer:
Verified
Q27: A written note or letter in which
Q28: Commercial paper differs from ordinary contracts because
Q29: An item of commercial paper containing the
Q30: State the differences between commercial paper and
Q31: A _ check is one that is
Q33: The purpose of the Electronic Funds Transfer
Q34: The Electronic Funds Transfer Act of 1979
Q35: Forged checks are illegal, whereas raised checks
Q36: Statements requiring that certain things be done
Q37: Whoever is in possession of commercial paper