A(n) __________ Is an Unauthorized Change or Completion of a Negotiable

question 37

Multiple Choice

A(n) __________ is an unauthorized change or completion of a negotiable instrument designed to modify the obligation of a party to the instrument.

• A) alteration
• B) modification
• C) transformation
• D) transmutation

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Definitions:

Prominent Spokesman

A leading or notable figure who represents and speaks on behalf of a particular cause, organization, or group.

Milton Friedman

An American economist and Nobel Prize winner known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

Economic Thought

A branch of economics that studies the evolution of economic ideas and theories over time.

Keynesians

An economic theory that advocates for active government intervention in the marketplace and monetary policy to manage demand and smooth out cycles of boom and bust.