Which of the Following Is True

question 21

Multiple Choice

Which of the following is true?

• A) Where an instrument is payable to bearer.
• B) Where an instrument is payable to bearer, it must be negotiated by endorsement and delivery.
• C) Where an instrument is payable to bearer, it cannot be negotiated.
• D) Where an instrument is payable to bearer, it cannot be endorsed.
• E) Where an instrument is payable to bearer, it may be negotiated by endorsement and delivery.

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Definitions:

Economics

The field of social science focusing on the decision-making processes used by individuals, governments, businesses, and countries in distributing limited resources to fulfill their endless desires.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, leading to significant changes in technology, economy, and society.

Modern Factory System

An approach to manufacturing that involves large-scale, mechanized production methods, often under one roof or within one facility, leading to the increased efficiency and production output.

Marginalism

An economic principle that deals with the additional or marginal changes in costs and benefits for a unit increase or decrease in production or consumption.