Fact Pattern 18-1 (Questions 1-2 Apply)

question 50

Multiple Choice

Fact Pattern 18-1 (Questions 1-2 apply)
Ewa signs an instrument unconditionally promising to pay to "First State Bank" $5,000 with interest in installments with the final payment due June 1, 2012.
-Refer to Fact Pattern 18-1.The instrument that Ewa signed is most likely

• A) a certificate of deposit.
• B) a draft.
• C) an order to pay.
• D) a promissory note.

---

Definitions:

Domestic Residents

Individuals who live within a country and participate in its economy by working, spending, and investing there.

Role Of Government

The responsibilities and duties of government entities, including creating laws, providing social services, and ensuring economic stability.

Productivity

The measure of how efficiently inputs are converted into outputs; an increase in productivity means more output is produced with the same amount of inputs.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured by gross domestic product (GDP).