If Adam Brewer Possesses a Check That States "Payable to Adam

question 27

Multiple Choice

If Adam Brewer possesses a check that states "Payable to Adam Brewer," Adam is a(n) ________.

• A)assignee
• B)holder
• C)holder in due course
• D)delegatee
• E)incidental beneficiary

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Definitions:

British Pounds

The currency of the United Kingdom, also known as sterling.

Currency Exchange

The process of exchanging one form of currency for another, based on current exchange rates.

Euros

The official currency used in 19 of the 27 European Union countries, known as the Eurozone.

Weakens

Describes the decrease in strength or value of an entity, such as currency depreciating in value against others in the foreign exchange market.