An Instrument May Be Negotiated Even Though

question 7

Multiple Choice

An instrument may be negotiated even though:

• A) it has been dishonored.
• B) it is overdue.
• C) it is demand paper that has been outstanding for more than a reasonable period of time.
• D) all of the above.

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Definitions:

Random Selection

The process of choosing a sample from a population in such a way that each member has an equal probability of being chosen.

Random Sample

A sample drawn from a population where every member had an equal opportunity to be selected.

Sample Mean

The average of all the values in a sample, used as an estimate of the population mean.

Proportion

A statistical measure that denotes the fraction or percentage of the total that exhibits a particular trait or characteristic.