Relevance Is One of the Key Characteristics of Useful Information

question 186

True/False

Relevance is one of the key characteristics of useful information.

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Definitions:

Drawer

The party who draws a draft, that is, the party who orders that the money be paid.

Payee

The party named in a note or draft to whom payment is to be made.

Stop Payment

A banking process through which an account holder can request the bank to stop the payment of a cheque or payment transaction that has been issued but not yet processed.

Drawer

In banking and finance, refers to the party that writes and signs a check or draft, instructing their bank to pay a specified sum to the named party.