Instructions: Explain/Define the Following Terms

question 80

Essay

Instructions: Explain/Define the following terms.
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Definitions:

Named

Designated or identified by a specific name.

Currency Requirement

A stipulation for the type of currency that must be used in a financial transaction or agreement.

U.S. Dollars

The official currency of the United States, widely used as a benchmark and reserve currency globally.

Negotiability

The ability of a financial instrument to be transferred from one party to another with the title passing to the transferee.