Examlex
Assume the class BankAccount has been created and the following statement correctly creates an instance of the class. BankAccount account = new BankAccount(5000.00) ;
What is true about the following statement?
System.out.println(account) ;
Drawee
The party that is ordered to pay a draft or check. With a check, a financial institution is always the drawee.
Payee
The individual or entity to whom a payment is to be made or has been made, typically in the context of financial transactions.
Promissory Note
A written promise to pay a specified sum of money to a designated person at a fixed or determinable future time.
Debt
An amount of money borrowed by one party from another, often used for making big purchases that require immediate payment.
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