When Is a Demand Instrument,such as a Check,payable

question 26

Multiple Choice

When is a demand instrument,such as a check,payable?

• A)At midnight the day it is issued.
• B)One hour after it is issued.
• C)As soon as it is issued.
• D)Two days after it is issued.
• E)Twenty-four hours after it is issued.

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Definitions:

Automobile

A wheeled motor vehicle used for transportation, typically carrying a small number of people and running on roads.

Market Share

The percentage of total sales volume in a market captured by a brand or company, serving as an indicator of competitiveness and market presence.

Return On Investment

A financial metric used to evaluate the efficiency of an investment, calculated by dividing the profit gained from an investment by the cost of the investment.

Experience Curve

A concept that suggests that as a company gains experience in producing a product or service, its unit production costs decrease due to learning and efficiencies.