Barry Draws a Check Payable to "Cash" and Presents It

question 41

Multiple Choice

Barry draws a check payable to "Cash" and presents it to Dollars & Sense store for payment. This instrument is​

• A)a bearer instrument.
• B)an order instrument.
• C)valid but nonnegotiable.
• D)void.Fact Pattern 14-2 LNG Corporation and Midstates Utility Company enter a contract for a sale of liquefied natural gas by LNG to Midstates.LNG draws a draft unconditionally ordering Midstates Utility to pay $50,000 to LNG's order in sixty days.Midstates Utility signs and dates the draft.

Develop critical thinking skills and the importance of questioning assumptions.

Understand and compute Z scores for data observations.

Determine sample size from given variance and total sum of squares.

Compute grade point averages (GPAs) using a 4-point grading system.

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Definitions:

Behavioral Economics

A field of study that examines the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.

Dictator Game

An experimental paradigm in behavioral economics and psychology, where an individual (the "dictator") determines how to split a given resource between themselves and another participant.

Behavioral Economists

Experts in a field of economics that integrates insights from psychology to understand how people make economic decisions.

Invisible Hand

A term coined by Adam Smith to describe the self-regulating nature of the marketplace, where individual self-interests unintentionally benefit society.