Sight Drafts Can Be Used as

question 49

Multiple Choice

Sight drafts can be used as

• A)certificates of deposit.
• B)promissory notes.
• C)collection devices.
• D)share certificates.
• E)finance notes.

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Definitions:

Lexicon

A vocabulary of a language, person, or branch of knowledge, including words and expressions as well as their meanings.

Concepts

Mental representations of categories of objects, events, or ideas based on shared properties.

Categorization

The process of recognizing, differentiating, and understanding objects, concepts, or experiences by grouping them into categories based on shared characteristics.

Superordinate

A term used to describe a higher level or more general category under which lower level categories or entities are grouped.