What Is Required for a Check to Be Negotiable

question 15

Multiple Choice

What is required for a check to be negotiable?

• A) Be written and signed by the drawer
• B) Contain a promise or order to pay a sum of money
• C) Be payable on demand
• D) Both A and B
• E) All of the above

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Definitions:

Government Purchases

Expenditures made by the government for goods and services that directly satisfy human wants or needs or are used in the production of other goods.

GDP Deflator

A measure used to adjust the gross domestic product (GDP) for inflation by dividing the nominal GDP by the real GDP and then multiplying by 100.

Real GDP

The assessment of economic production's worth, corrected for variations in prices due to inflation or deflation, revealing the actual volume of goods and services generated.

Estimated GDP

An approximation of the total value of goods and services produced within a country's boundaries in a specified time period, before exact figures are available.