What Is the Difference Between a Bill of Exchange and a Cheque

question 39

Multiple Choice

What is the difference between a bill of exchange and a cheque?

• A)A cheque is a bill of exchange in which the drawee is a financial institution.
• B)A bill of exchange is a form of cheque in which the drawee is a financial institution.
• C)A bill of exchange is negotiable whereas a cheque is not.
• D)A cheque is negotiable whereas a bill of exchange is not.

---

Definitions:

Population Standard Deviations

The square root of the population variance, indicating how data is dispersed around the mean.

Test Statistic

A value calculated from sample data during a hypothesis test that is used to make a decision regarding the acceptance or rejection of the null hypothesis.

Level of Significance

A threshold or cut-off value used in statistical tests to decide whether to reject the null hypothesis, typically denoted by alpha (α).

Protanopia

A type of color blindness characterized by difficulty in distinguishing between red and green colors.