Which of the Following Refers to the Quality of a Negotiable

question 48

Multiple Choice

Which of the following refers to the quality of a negotiable instrument that ensures its longevity?

• A)Sustainability
• B)Viability
• C)Movability
• D)Durability
• E)Relative permanence

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Definitions:

Income

Money received, especially on a regular basis, for work, through investments, or from any other source.

Income Elasticity

A measure of how much the quantity demanded of a good responds to a change in consumers' income.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good.

Substitution Price Elasticity

A measure of how much the quantity demanded of one good responds to a change in the price of another good, indicating the degree to which these goods are substitutes.