A Demand Draft Is

question 26

Multiple Choice

A demand draft is

• A) a bill of exchange that is payable within a stipulated period, after presentation.
• B) a bill of exchange that is payable within a stipulated period, after the date stated on the instrument.
• C) a bill of exchange that is payable at sight.
• D) a bill of exchange that is payable immediately upon presentation without any days of grace.
• E) a bill of exchange on which the expression demand draft is written.

---

Definitions:

Awfulizing

The cognitive distortion of imagining the worst possible outcomes in a situation, often leading to increased anxiety or fear.

Doom

A term referring to impending disaster, ruin, or the inevitability of a negative outcome.

Personal Pleasures

Activities or experiences that bring joy or satisfaction to an individual on a personal level.

Distressing Events

Situations or occurrences that cause emotional, physical, or psychological strain or distress.