An Unconditional Written Promise Made by One Person to Another

question 49

Multiple Choice

An unconditional written promise made by one person to another, signed by the maker, that promises to pay on demand a specific sum of money to the bearer is a:

• A) negotiable draft.
• B) bill of exchange.
• C) promissory note.
• D) certificate of deposit.

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Definitions:

Contingency Table

A type of table in a matrix format that displays the (multivariate) frequency distribution of the variables.

Independence

In probability and statistics, a condition where two events or variables have no influence on each other's occurrence or value.

Homogeneity

The quality or state of being uniform in composition or character; in statistics, it refers to the similarity of elements or observations within groups.

Tests of Homogeneity

Statistical tests used to determine if different populations have the same variance or other characteristics.