Comparing Checks and Currency, We Can Say

question 40

Multiple Choice

Comparing checks and currency, we can say:

• A) both are money but only currency is legal tender.
• B) only checks are both money and legal tender.
• C) a check isn't money but currency is.
• D) both are money and legal tender.

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Definitions:

Measure of Damages

A method used in legal contexts to calculate the amount of compensation owed to a party as a result of loss or injury.

United Nations Convention

An international treaty or agreement formulated under the auspices of the United Nations, pertaining to various global issues.

International Sales Contract

A legally binding agreement between parties from different countries for the sale and purchase of goods.

Market Price

The present cost at which a service or asset is available for purchase or sale on the market.