When a Payee Wants to Get Cash Immediately for a Draft

question 250

Multiple Choice

When a payee wants to get cash immediately for a draft he can sell it to another party, but interest must be paid. This is called:

• A) reducing the draft
• B) financing the draft
• C) cashing the draft
• D) selling the draft
• E) none of the other choices are correct

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Definitions:

Public Interest Theory

A theory suggesting that regulations are created in response to the public's demand for fair and efficient markets.

Industrial Regulation

The older and more traditional type of regulation in which government is concerned with the prices charged and the services provided to the public in specific industries. Differs from social regulation.

Regulated Monopolies

Monopolies that are allowed to exist by the government but with restrictions and oversight to protect consumers' interests.

Structuralist

In economics, refers to a theory focusing on structural impediments to economic development, emphasizing the need for comprehensive reforms to overcome these barriers.