Instruments That Are Payable on Demand Are Called Order Instruments

question 51

True/False

Instruments that are payable on demand are called order instruments.

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Definitions:

Economy

A system through which the production, distribution, and consumption of goods and services are organized and managed in a particular area or country.

Communists

Individuals or parties that advocate for a classless society in which the means of production are owned communally and private property is nonexistent or severely curtailed.

Theory

A system of ideas intended to explain something, based on general principles independent of the thing being explained.

Competitive

The condition of the market in which businesses or sellers independently strive for consumers' patronage to gain a profit.