Through What Kind of Written Instrument Would Tim Direct Howard

question 16

Multiple Choice

Through what kind of written instrument would Tim direct Howard to pay $600 to the order of Celeste?

• A)A certificate of deposit
• B)A note
• C)A draft
• D)A dishonored draft

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Definitions:

Units of Y

A placeholder term generally referring to quantities or measurements of a variable Y.

Units of X

A measure or quantity of a particular good, product, or factor of production expressed as a discreet unit for analysis or transaction purposes.

Income

The amount of money received by an individual or entity in exchange for labor or services, from investments, or from other sources.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given income and prices, illustrating the trade-offs between them.