The Japanese Commercial Code Does Not Recognize ________ but Recognizes

question 44

Multiple Choice

The Japanese Commercial Code does not recognize ________ but recognizes the legal concept of ________.

• A) checks and bonds, shoken yuka
• B) negotiable instruments, yuka shoken
• C) commercial papers, securities equities
• D) negotiable instruments, equitable securities
• E) investment securities, yuka shoken

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Definitions:

Insures Deposits

A guarantee provided by government or private entities that deposits in banks are protected up to a certain limit in the event of a bank failure.

Commercial Banks

Commercial Banks are financial institutions that accept deposits, offer various banking services like loans and mortgages, and play a significant role in the financial system.

Great Depression

The Great Depression was a severe worldwide economic downturn that lasted from 1929 to the late 1930s, marked by massive unemployment, deflation, and widespread poverty, affecting many countries around the world.

Lender of Last Resort

A role usually performed by a central bank, providing funds to financial institutions facing financial difficulty to prevent systemic collapse.