Examlex

Solved

With Regard to Monetary Policy, Which of the Following Is

question 51

Multiple Choice

With regard to monetary policy, which of the following is under direct control of the Federal Reserve's Board of Governors?


Definitions:

Holder In Due Course

A legal term for someone who has acquired a negotiable instrument in good faith and for value, therefore having certain rights to it free of defenses.

Post-Dating

Writing a future date on a document or check, thereby delaying its effectiveness or negotiability until that date.

Negotiability

The feature of a financial instrument that allows it to be transferred or assigned from one party to another with the legal ownership and benefits passing to the transferee.

Check

A documented, signed, and dated directive that instructs a bank to pay a predetermined amount of money to the bearer or a specified individual.

Related Questions