If a Commercial Draft Is an Order to Pay Immediately

question 59

True/False

If a commercial draft is an order to pay immediately, it is called a time draft.

---

Definitions:

Automatic Processing

Mental activities that occur without conscious awareness or effort, such as habituated tasks or recognized patterns.

Effortful Processing

The active and conscious effort to encode or process information into memory, requiring attention and mental effort.

Encoding

The initial process of converting information into a form that can be stored in memory, involving various types of code such as visual, acoustic, or semantic.

Sensory Memory

The immediate, very brief recording of sensory information in the memory system.