Which of the Following Statements Is NOT Correct

question 41

Multiple Choice

Which of the following statements is NOT correct?

• A) A negotiable instrument is a document that represents an amount of money.
• B) Negotiable instruments are a secure means of paying debts without the need for cash.
• C) A negotiable instrument must be exchanged for cash or something of value.
• D) 'Negotiability' means the instrument is freely transferrable to subsequent parties.

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Definitions:

Placebo

A compound that does not have any healing properties, employed as a standard in evaluating new medications.

Demand Characteristics

Demand characteristics refer to the subtle cues or signals that can influence participants’ behavior in experiments, biasing the results.

Representative

Someone who acts or speaks on behalf of others, often in a professional setting or within legislative bodies.

Canadian Population

The total number of people living in Canada, encompassing diverse ethnic, cultural, and linguistic groups.