Negotiable Instruments

question 67

Multiple Choice

Negotiable instruments:

• A)include drafts, assignments, and promissory notes.
• B)are used primarily for smaller transactions.
• C)in the form of checks have decreased in use since 1995.
• D)have increased in usage to the point where they are now approximately equal to usage of cash for payments.

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Definitions:

Total Asset Turnover Ratio

A financial metric that measures the efficiency of a company's use of its assets in generating sales revenue.