
Negotiable Instruments Quiz
Authored by Ak studies
Other
University
Used 1+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the types of negotiable instruments?
Money orders
Bank drafts
Promissory notes, bills of exchange, and cheques
Stock certificates
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain the concept of crossing of cheques.
Crossing of cheques is a security measure that prevents the cheque from being cashed at the bank counter and ensures the funds are deposited directly into the payee's account.
Crossing of cheques is a process of endorsing a cheque.
Crossing of cheques is a decorative pattern on the cheque paper.
Crossing of cheques refers to the act of cancelling a cheque.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a promissory note?
A promissory note is a type of government bond.
A promissory note is a type of musical instrument.
A promissory note is a type of insurance policy.
A promissory note is a written promise to pay a sum of money at a specified future date.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a bill of exchange differ from a promissory note?
A bill of exchange is used for international transactions, while a promissory note is used for domestic transactions.
A bill of exchange involves three parties, while a promissory note involves two parties.
A bill of exchange requires collateral, while a promissory note does not.
A bill of exchange is always payable on demand, while a promissory note can have a specific maturity date.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the significance of endorsement on a negotiable instrument?
Endorsement on a negotiable instrument signifies the transfer of rights from one party to another.
Endorsement on a negotiable instrument signifies the color of the paper used.
Endorsement on a negotiable instrument signifies the weather conditions at the time of signing.
Endorsement on a negotiable instrument signifies the expiration date of the document.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Discuss the different types of crossing of cheques.
Open Crossing and Closed Crossing
Crossing and Circling
General Crossing and Special Crossing
General Crossing and Blank Crossing
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between general crossing and special crossing of cheques?
General crossing involves 'Account Payee' while special crossing involves a specific bank name.
General crossing involves a specific date while special crossing involves a range of dates.
General crossing involves a specific amount while special crossing involves a range of amounts.
General crossing involves a specific bank name while special crossing involves 'Account Payee'.
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
15 questions
Double Entry Bookeeping
Quiz
•
University
12 questions
Journal Entries
Quiz
•
University
15 questions
Roles of Government
Quiz
•
8th Grade - University
10 questions
DELITOS CONTRA LA BUENA FE Y DELITOS CONTRA DERECHOS DE AUTOR
Quiz
•
University
10 questions
Guess That Game!
Quiz
•
4th Grade - Professio...
10 questions
Direction Sense Quiz
Quiz
•
KG - Professional Dev...
9 questions
What game
Quiz
•
KG - Professional Dev...
15 questions
Money Market
Quiz
•
University
Popular Resources on Wayground
7 questions
History of Valentine's Day
Interactive video
•
4th Grade
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
15 questions
Valentine's Day Trivia
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
Discover more resources for Other
18 questions
Valentines Day Trivia
Quiz
•
3rd Grade - University
12 questions
IREAD Week 4 - Review
Quiz
•
3rd Grade - University
23 questions
Subject Verb Agreement
Quiz
•
9th Grade - University
5 questions
What is Presidents' Day?
Interactive video
•
10th Grade - University
7 questions
Renewable and Nonrenewable Resources
Interactive video
•
4th Grade - University
20 questions
Mardi Gras History
Quiz
•
6th Grade - University
10 questions
The Roaring 20's Crash Course US History
Interactive video
•
11th Grade - University
17 questions
Review9_TEACHER
Quiz
•
University