An Indorsement

question 12

Multiple Choice

An indorsement

• A) usually appears on the back of an instrument.
• B) must be handwritten.
• C) transfers only possession of negotiable instruments.
• D) none of these.

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Definitions:

Firms

Business organizations that produce goods or services, often to make a profit.

Tariffs

Taxes imposed on imported goods, often to protect domestic industries or to raise government revenue.

Subsidizing Exports

Financial support provided by governments to domestic companies to lower their production costs and make their exports more competitive on the global market.

Free International Trade

The exchange of goods and services between countries without restrictive quotas, tariffs, or other barriers.