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Match the Term on the Left to Its Description on the Right

question 117

Multiple Choice

Match the term on the left to its description on the right.
-macro language


Definitions:

Payee

The individual or entity to whom money is payable, typically the recipient of a check or electronic payment.

Demand Instrument

A financial document, like a check or promissory note, that is payable on demand or presentation.

Time Instrument

A financial document that specifies payment to be made at a future date.

Payee

The individual or entity to whom a payment is to be made.

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