-In the figure above, which movement could be the result of the development of a new, more efficient refining technology?
Definitions:
Postdating
The act of dating a document, check, contract, or other legal instruments with a date that is later than the actual date.
Negotiability
The characteristic of a financial instrument that allows it to be transferred or assigned from one party to another.
Drawee
The individual or entity upon whom a check, draft, or bill of exchange is drawn and who is responsible for paying it.
First Bank
Historically, refers to the initial bank established in a region or country, or the earliest phase of banking service provision.
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