Which of the Following Is Not a Bearer Instrument

question 71

Multiple Choice

Which of the following is not a bearer instrument?

• A) An instrument payable to no one.
• B) An instrument payable to "X."
• C) An instrument payable to "cash."
• D) An instrument payable to "bearer."
• E) An instrument payable to "the order of John Doe."

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Definitions:

Utility Function

A mathematical representation that ranks the preferences of consumers or entities based on the consumption of goods and services.

Preferences

Refers to the ordering of different alternatives by individuals based on their values, satisfaction, or utility they provide.

Expensive Goods

Products or services that have a high price relative to their intrinsic value or compared to other alternatives in the market.

Utility Function

A mathematical representation of how different combinations of goods or services can provide different levels of happiness or satisfaction to a consumer.