Which One of the Following Statements Is True

question 58

Multiple Choice

Which one of the following statements is true?

• A) Promissory notes are sold with contingent liability in the secondary market.
• B) Both commercial bills and promissory notes are sold with contingent liability in the secondary market.
• C) Commercial bills are sold with contingent liability in the secondary market, whereas promissory notes are sold without contingent liability.
• D) Promissory notes and commercial bills are both sold without contingent liability in the secondary market.

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Definitions:

Ninth Graders

Students who are in the ninth grade, often the first year of high school in many education systems.

Scores

The numerical expression of an achievement or a performance, often used in games, exams, or competitions.

Frequency Table

A table that displays the frequency of various outcomes in a sample.

Adults

Individuals who have reached the age of majority, defined by legal adulthood, typically 18 years or older in most jurisdictions.