A Promise by an Indorser to Pay the Holder or Any

question 9

Multiple Choice

A promise by an indorser to pay the holder or any subsequent indorser the amount of the instrument if the maker,drawer,or acceptor defaults on it is known as a(n) ________ indorsement.

• A) competent
• B) promissory
• C) unqualified
• D) qualified

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Definitions:

Skewed

Skewed data are data that are not symmetrically distributed, showing a longer tail on one side of the data distribution.

Standard Normal Distribution

A normal distribution with a mean of 0 and a standard deviation of 1, used in many statistical contexts as a reference for probability calculations.

Theoretical Distribution

A statistical distribution based on assumptions about a population, used as a model to understand or predict real-world phenomena.

Frequency Distribution

A summary of data showing the number of occurrences of different values or ranges of values.