There Are Three Types of Bills of Exchange, These Are

question 42

Multiple Choice

There are three types of bills of exchange, these are

• A) sight certificates, demand notes and certificates of deposit.
• B) demand drafts, sight drafts and time drafts.
• C) certificates, demand drafts, and sight certificates.
• D) time notes, certificates of deposit, and certificates.
• E) shares, demand notes and time payments.

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Definitions:

Nonparticipation

Refers to choosing not to take part in social, political, or formal activities or processes.

Voting Process

The procedure by which individuals express their choice or opinion in a democratic system, often through casting a ballot.

Affluent Members

Individuals or groups possessing a significantly higher than average level of wealth, income, or material possessions.

Policy Advocacy

The act of actively promoting and pushing for changes in public policy to address specific issues or causes.