To Operate Practically as a Substitute for Cash or a Credit

question 35

Multiple Choice

To operate practically as a substitute for cash or a credit device, a negotiable instrument must be

• A)conditional without the risk of being collectable.
• B)transferable without the danger of being uncollectable.
• C)qualified with a promise to set aside the qualification.
• D)payable without recourse.

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Definitions:

Actor/Observer Bias

A cognitive bias involving the tendency to attribute one's own actions to external factors, while attributing others' actions to their personalities.

Mere Exposure Effect

The mere exposure effect is a psychological phenomenon where people tend to develop a preference for things merely because they are familiar with them.

Attributional Style

A person's habitual way of explaining outcomes in their life, whether these are positive or negative events.

Situational Factors

Variables that affect consumer buying decisions and behaviors that are influenced by external conditions rather than internal or personal characteristics.