Commercial Paper
Authored by Laura Basich
Business
11th Grade
Used 4+ times
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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
________ is the transfer of your rights under a contract to someone else.
Transfer
Negotiation
Assignment
Transaction
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The most common type of negotiable instrument.
Money Order
Travelers Check
Bank Check
Promissory Note
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An order to a third party to pay money.
Note
Draft
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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
A negotiable instrument is also known as _________
Economic paper
Financial paper
Exchange paper
Commercial paper
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who promises to pay money in a note.
Drawee
Drawer
Maker
Payee
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