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A Two-Party Instrument in Which One Person Makes an Unconditional

question 32

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A two-party instrument in which one person makes an unconditional promise in writing to pay another person, with or without interest, either on demand or at a specified, future time is a _____.


Definitions:

Marginal Utility

The additional satisfaction or benefit (utility) that a consumer derives from consuming an additional unit of a good or service.

Scented Candles

Candles infused with fragrance oils or natural aromatic extracts intended to emit a pleasant aroma when lit.

Consumer Surplus

The contrast between the full amount consumers are willing to invest in a product or service and the actual payment they make.

Action Figures

Small figures representing a character from a movie, comic book, video game, or television program, designed for play or collection.

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