Examlex

Solved

Who Among the Following Suspended Gold Convertibility in the United

question 15

Multiple Choice

Who among the following suspended gold convertibility in the United States and thus devalued the dollar against European and other currencies?


Definitions:

Certified Cheque

A cheque guaranteed by a bank, indicating that the funds are available and have been set aside for the payee.

Bill Drawn

A document requesting the payment of money, typically used in international trade, specifying the amount and terms of payment.

Drawee

is the party, often a bank, required to pay the monetary amount specified in a check or draft.

Endorsers

Individuals who sign their names on documents, such as checks or contracts, to indicate support, approval, or transfer of ownership.

Related Questions