A Payee Is

question 28

Multiple Choice

A payee is

• A) the party who is named to receive payment on the bill of exchange.
• B) the party who signs the document.
• C) the party who draws up the bill of exchange.
• D) the entity that consents to accept the bill of exchange by indicating accepted on the face of the instrument.
• E) the party who is required to make payment on the bill of exchange.

---

Definitions:

Standard Deviation

A statistical measure of the dispersion or spread in a set of data, indicating how much variation there is from the average (mean).

Stock

A category of investment that evidences a holder's part ownership in a corporation, entitling them to a share of the entity's assets and income.

Expected Return

The anticipated profit or loss from an investment, reflecting the potential rewards and risks.

Stocks

Shares of ownership in a company, representing a claim on the company's assets and earnings.