Belinda Asks Jordan to Explain What an Example of a Negotiable

question 52

Multiple Choice

Belinda asks Jordan to explain what an example of a negotiable instrument is for their upcoming test. Which of the following should Jordan tell Belinda are examples of negotiable instruments?

• A) Checks only
• B) Drafts and checks only
• C) Promissory notes only
• D) Promissory notes and certificates of deposits, but not checks or drafts
• E) Checks, drafts, certificates of deposit, and promissory notes

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Definitions:

Communal Orientation

A frame of mind in which people don’t distinguish between what’s theirs and what is someone else’s.

Functional Approach

A perspective in various disciplines that emphasizes the purpose and role of something rather than its composition or appearance.

Kin Selection

An evolutionary strategy that favours the reproductive success of an organism's relatives, even at a cost to the organism's own survival and reproduction.

Genetic Traits

Physical or behavioral characteristics determined by one's genetics.