Directions: Choose the Best Answer Based on the Information You

question 8

Multiple Choice

Directions: Choose the best answer based on the information you read in Chapter 5. ​ How are Socratic questions different from journalistic questions?

• A)Socratic questions are open-ended, whereas journalistic questions seek basic information.
• B)Journalistic questions are open-ended, whereas Socratic questions seek basic information.
• C)A and B
• D)none of the above

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Definitions:

Drawer

In the context of banking, the person who writes or issues a check or draft instructing the drawee to pay someone else.

Drawee

The party upon whom a cheque or draft is drawn, and who is expected to pay the amount specified to the payee.

Payee

The individual or entity to whom a cheque or electronic payment is made payable.

Negotiability

The characteristic of a document, typically a financial instrument, that allows it to be transferred or assigned from one party to another as a form of payment or investment.