For an Instrument to Be Negotiable,the Instrument Must Indicate That

question 23

Multiple Choice

For an instrument to be negotiable,the instrument must indicate that it was created for the purpose of being ________.

• A)transferred
• B)paid
• C)withdrawn
• D)deposited
• E)retained

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Definitions:

Monte Carlo

A computational algorithm that relies on repeated random sampling to obtain numerical results, often used in physical and mathematical problems.

Chance Behavior

Unpredictable actions or events that occur without a definitive pattern, often analyzed in probability and statistics.

Computerized Model

A digital simulation or representation of a real-world process, system, or concept designed to study its behavior and make predictions.

Mathematical Modeling

The process of creating a mathematical representation of a real-world situation or system to analyze and predict its behavior.