Which of the Following Definitions Describes a Drawee to a Bill

question 22

Multiple Choice

Which of the following definitions describes a drawee to a bill of exchange?

• A) the issuer of a bill of exchange
• B) a person who signs a bill of exchange or note to lend his or her credit to another party
• C) the person ordered to pay a bill of exchange
• D) a person who receives an endorsed bill of exchange or note from an endorser

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Definitions:

Business Borrowing

The act of obtaining funds from lenders or financial institutions by businesses to finance operations, growth, or investments.

Decreases the Money Supply

A monetary policy action that reduces the total amount of money available in the banking system, often aiming to control inflation.

Gross Domestic Product

The total value of all goods and services produced over a specific time period within a country's borders.

Allocative Efficiency

an optimal distribution of resources in an economy, ensuring that goods and services are distributed according to consumer preferences.