A ______________ Is a Specific Draft That Orders the Bank

question 65

Multiple Choice

A ______________ is a specific draft that orders the bank to pay a fixed amount of money on demand.

• A) Note.
• B) Promissory note.
• C) Check.
• D) Acknowledgment draft.
• E) Promissory draft.

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Definitions:

Ancillary Services

Supplementary services provided by companies that are not primary to their main business but enhance or support the overall consumer experience.

Ultimate Consumer

The ultimate consumer refers to the final buyer or user of a product or service who purchases it for personal, not business, use.

For-Profit Businesses

Businesses that are primarily focused on generating profits for their owners and shareholders.

Reseller Goods

Products that are bought and then sold by a business without any modification to the original product.