When a Drawee Has Signified in Writing on a Draft

question 52

True/False

When a drawee has signified in writing on a draft the willingness to make a specified payment,the drawee is called the acceptor.

---

Definitions:

Hamburgers

A popular food item typically consisting of a cooked patty of ground meat placed inside a sliced bun.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision. It represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Budget Constraint

The limit on the consumption bundles that a consumer can afford given their income and the prices of goods and services.

Gardenburger

A brand of vegetarian burgers made from a variety of vegetables and grains.