Answer the Following Question Involving a Conversion Within the USCS

question 82

Multiple Choice

Answer the following question involving a conversion within the USCS system.
-A boat is moving at 48 miles per hour. What is its speed in knots (nautical miles per hour) ?

• A)57.2 knots
• B)39.7 knots
• C)55.2 knots
• D)41.7 knots

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Definitions:

Properly Drawn

A term indicating that a document, especially a legal document, has been prepared correctly and in accordance with all necessary formalities.

Endorsee

A person or entity to whom a negotiable instrument, such as a cheque or promissory note, is legally transferred through endorsement.

Bearer

An individual in possession of an instrument, such as a check or bond, that is payable to whoever holds it.

Negotiable Instrument

A paper that assures the payout of a certain sum of money, either when requested or at a predetermined time, with the document specifying the person responsible for payment.