A Draft Is an Order by a Drawer to a Drawee

question 79

True/False

A draft is an order by a drawer to a drawee to pay a payee.

---

Definitions:

Latin America

A region comprising countries in the Americas where Romance languages (predominantly Spanish and Portuguese) are spoken, covering parts of North and South America and the Caribbean.

World Wars

Refers to the two major global conflicts of the 20th century: World War I (1914-1918) and World War II (1939-1945), involving many of the world's nations.

Dominance

The state or condition of having power and influence over others, often observed in social, economic, and ecological contexts.

Economic System

The structure of methods and principles a society uses to produce and distribute goods and services.