Once Accepted by the Drawee,a Time Draft Becomes A(n)

question 118

Multiple Choice

Once accepted by the drawee,a time draft becomes a(n)

• A)asset for the drawee.
• B)in-transit bill.
• C)promise to pay by the accepting party.
• D)bill of lading.
• E)letter of credit.

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Definitions:

Electrolytes

Minerals in the body fluids important for the normal function of cells and organs, such as sodium, potassium, and calcium.

Carbohydrates

Essential nutrients found in foods like bread, rice, and fruits that body uses as its primary energy source.

Hydrogen Ions

Positive ions (protons) of hydrogen, H+, which play a critical role in chemical reactions, including pH balance in solutions.

Acids

Electrolytes that release hydrogen ions in water.