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