Commercial Paper

Commercial Paper

11th Grade

•

50 Qs

quiz-placeholder

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Commercial Paper

Commercial Paper

Assessment

Quiz

•

Business

•

11th Grade

•

Practice Problem

•

Hard

Created by

Laura Basich

Used 4+ times

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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

________ is the transfer of your rights under a contract to someone else.

Transfer
Negotiation
Assignment
Transaction

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The most common type of negotiable instrument.

Money Order
Travelers Check
Bank Check
Promissory Note

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

An order to a third party to pay money.

Note
Draft

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The person to whom an order is given to pay money in a draft.

Drawee
Drawer
Maker
Payee

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A person who possesses a negotiable instrument payable to "the order of" the person holding it or to "bearer".

Holder
Buyer
Keeper
Titleholder

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A negotiable instrument is also known as _________

Economic paper
Financial paper
Exchange paper
Commercial paper

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A person who promises to pay money in a note.

Drawee
Drawer
Maker
Payee

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