On a Piece of Paper,A Writes a Memo That Sets

question 33

Multiple Choice

On a piece of paper,A writes a memo that sets out the name of his bank,his bank account number,and a statement indicating that the bank is required to pay to B whatever amount B desires.A then puts his signature at the bottom and gives the memo to B.In this case,the memo is

• A)a cheque.
• B)a negotiable instrument.
• C)a promissory note.
• D)a bill of exchange.
• E)none of the above

---

Definitions:

New Transaction

An action that records a financial exchange or transfer that has recently occurred.

Add Check

The process of including a new check (or cheque) transaction within an accounting or financial management system, typically for record-keeping and reconciliation purposes.

Visuals

Visuals refer to the graphical representation of information, data, or concepts to make them easier to understand and more engaging.

Integrate

To combine one thing with another so that they become a whole, often referring to the harmonious mixing of components.