European and U

question 66

True/False

European and U.S. unemployment statistics cannot easily be compared because European countries tend to base their data on household surveys while the United States employs an official unemployment register.

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Definitions:

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money from the drawer's account to the person or entity in whose name the check has been issued.

Notes

are written promises to pay a specified amount of money, either on demand or at a set time, to the person named on the document or to their bearer.

Article 3 Negotiability

The section of the Uniform Commercial Code that governs the negotiation and enforcement of negotiable instruments, such as checks or promissory notes.

Payable

Referring to money that is owed by one party to another and should be paid according to terms specified in a contract or agreement.