A Bill Involved in a Draft Transaction Is Considered a Note

question 21

Multiple Choice

A bill involved in a draft transaction is considered a note ________.

• A) if the drawer owes money to the drawee
• B) if the drawee is drawer's buyer
• C) if the drawee is a borrower of the drawer
• D) if the drawer has kept money with the drawee for safeguarding

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Definitions:

Work

Refers to physical or mental effort directed toward producing or accomplishing something, often in a job or professional context.

Search

The process of locating specific information or data in a database, on the internet, or within a file system.

Contacts

Information about individuals or organizations, typically including names, addresses, and phone numbers, stored for communication purposes.

Window

A graphical control element in a computing interface that displays the contents of an application or document in a separate viewing area.