The Bills of Exchange Act Governs the Following Kinds of Instruments

question 15

Multiple Choice

The Bills of Exchange Act governs the following kinds of instruments.

• A) bills of exchange; promissory notes and cheques
• B) bills of exchange and negotiable instruments
• C) bills of exchange; negotiable instruments and cheques
• D) drafts only
• E) bills of exchange only

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Definitions:

Global Economy

The interconnected economies of the world's nations, influenced by global trade and investment.

Production Possibilities

Production possibilities depict the different combinations of goods and services that an economy can produce, given its available resources and technology, demonstrating the trade-offs and opportunity costs involved in production choices.

Unemployment Rate

The percentage of people in employment sectors who are unemployed and searching for jobs.

Employment Discrimination

Unfair treatment of employees or job applicants based on race, gender, age, religion, nationality, disability, or other protected characteristics.