If Instrument Is Negotiable, It Can Be

question 6

Multiple Choice

If instrument is negotiable, it can be:

• A) paid on demand.
• B) cancelled by the maker.
• C) assigned by contract.
• D) transferred by negotiation.

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Definitions:

NAFTA

The North American Free Trade Agreement (NAFTA) was a treaty entered into by the United States, Canada, and Mexico; it was designed to eliminate most tariffs on trade between these nations.

Trade Agreement

An agreement between two or more nations regarding the conditions of trade between them, often involving tariff reductions or other trade barriers.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often driven by international trade and investment and aided by information technology.

Interconnected

Entities or systems that are linked together in a way that they affect or influence each other.