Which of the Following Is a Person Ordering the Drawee

question 31

Multiple Choice

Which of the following is a person ordering the drawee to pay?

• A) Maker.
• B) Acceptor.
• C) Drawer.
• D) Endorser.
• E) Promisor.

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Definitions:

Demand

Refers to the quantity of a good or service that consumers are willing and able to purchase at different prices at a given time.

Supply

The total amount of a specific good or service that is available to consumers at a given price level and over a specific period.

Positive Externalities

Benefits received by third parties who are not directly involved in a transaction or activity, leading to potentially under-produced goods or services in a free market.

Market Equilibrium

The state in which market supply and demand balance each other, resulting in stable prices.