Match the Following Terms with Their Definitions

question 113

Multiple Choice

Match the following terms with their definitions.
-Fractional percent

• A)Portion is amount of increase
• B)0.008
• C)Rate less than 100%
• D)The whole
• E)Rate greater than 100%
• F)Portion is amount of decrease
• G)Percent, decimal, or fraction
• H)Followed by a percent symbol
• I)Result from base × rate
• J)33.33%

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Definitions:

Article Of The UCC

A specific section of the Uniform Commercial Code, which is a set of laws that govern commercial transactions in the United States.

Negotiable Instruments

Financial documents that are transferable from one party to another, promising to pay a specified amount either on-demand or at a future date.

Negotiable Instrument

A formal document that ensures the payment of a certain sum of money, either upon request or at an agreed moment, with the document specifying the individual responsible for payment.

Bearer Instrument

A type of negotiable instrument that is not registered to a specific owner and can be transferred by possession alone.