The Draft That Requires Immediate Payment by the Drawee to the Payee

question 500

Multiple Choice

The draft that requires immediate payment by the drawee to the payee, which is true of a check, is called:

• A) a trade acceptance draft
• B) a sight draft
• C) a time draft
• D) an account receivable
• E) none of the other choices

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Definitions:

U.S. Population

U.S. Population refers to the total number of people living in the United States at a given time, including both citizens and non-citizens.

Million

A numerical value representing one thousand thousands, or 1,000,000, often used as a unit of measure in demographics, finance, and other areas.

Great Recession

A global economic downturn that occurred from 2007 to 2009, sparked by the collapse of the U.S. housing market and leading to high levels of unemployment and financial instability.

Dissolving

The process of a substance becoming incorporated into a liquid to form a solution, or metaphorically, the disintegration or ending of an entity or relationship.