Given That the Majority of Negotiable Instruments Are Now Being

question 8

Essay

Given that the majority of negotiable instruments are now being replaced by electronic transactions and,further,that there is a movement toward digital currency and transactions,will the old method of doing business using bills of exchange and negotiable instruments one day find itself outdated and will such legislation become obsolete?

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Definitions:

Variance

A measure of the dispersion of a set of values, calculated as the average of the squared deviations from the mean.

Computational Formula

Formula that is an algebraic manipulation of a definitional formula designed to minimize the complexity of mathematical calculations.

Variance

The average of the squared differences from the Mean, a statistical measurement of the spread between numbers in a data set.

Computational Formula

A formula used to compute statistical measures that often simplifies the arithmetic process.