The Person or Company Initiating the Draft or Bill of Exchange

question 71

Multiple Choice

The person or company initiating the draft or bill of exchange is known as the:

• A) maker.
• B) drawer.
• C) originator.
• D) any of the above

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Definitions:

Present Value

The present worth of a future amount of money or series of cash flows when a certain rate of return is applied.

Multiple IRRs

This occurs when a project or investment has more than one internal rate of return, typically due to multiple cash flow sign changes over the investment's lifetime.

Negative Cash Flow

A situation where a business or individual's outgoing cash exceeds the incoming cash during a specific period, indicating potential financial trouble.