Examlex
In a crisis, which of the following are more likely to withdraw funds quickly from banks and savings institutions?
Bearer Instrument
A negotiable financial instrument that designates payment to whoever holds the instrument, not requiring ownership to be registered with the issuer.
Indorsed
The act of signing one's name on the back of a check or other negotiable instrument for the purpose of transferring rights or entitlements.
Ratification
The formal approval of an agreement, treaty, or act, making it officially valid.
Promissory Note
A written promise to pay a specified amount of money to a person or entity under agreed conditions.
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