Which of the Following Would Make an Instrument Nonnegotiable

question 64

Multiple Choice

Which of the following would make an instrument nonnegotiable?

• A)It is written and signed by a maker.
• B)It contains a promise or order to pay a sum of money.
• C)It is payable on demand or at a fixed future date.
• D)It is payable to the order of payer.

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Definitions:

Nominal Variables

Variables measured in monetary terms that have not been adjusted for inflation, representing current prices.

Real Variables

Economic variables measured in physical units, reflecting quantities and qualities, rather than their monetary value, often adjusted for inflation.

Money Supply

The overall financial resources at a certain point in time within an economy, encompassing all cash, coins, and checking and savings account balances.

Money Demand

The desire to hold cash or liquid assets, influenced by factors such as interest rates, income levels, and economic activity.