To Avoid Misunderstanding, Especially in Conversation with Foreigners, It Is

question 80

True/False

To avoid misunderstanding, especially in conversation with foreigners, it is always wise to say directly whatʹs on our mind, such as saying ʺyesʺ to mean ʺyes.ʺ

Grasp the correct procedures for endorsing checks and the effects of endorsement orders on negotiability.

Learn the types of endorsements and their legal consequences.

Recognize the implications of forgery and liability in payment instruments.

Understand the characteristics and use of various payment and negotiable instruments.

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Definitions:

Discounting

The process of determining the present value of a payment or a stream of payments that is to be received in the future.

Compounding

The process whereby interest is added to the principal sum, so that from that moment on, the interest that has been added also earns interest.

Demand Curve

A graph representing the relationship between the price of a good and the quantity demanded, with price on the vertical axis and quantity on the horizontal axis.

Loanable Funds

The money available for borrowing in the financial markets, determined by savings and investments.