An Undated Instrument Is Not Negotiable

question 2

True/False

An undated instrument is not negotiable.

---

Definitions:

Sales Tax

A tax paid to a governing body for the sales of certain goods and services, usually added to the price of the goods or service.

Indifference Curve

An indifference curve is a graph that shows a combination of two goods that give a consumer equal satisfaction and utility.

Normal Good

A good for which demand increases when income increases and falls when income decreases, all other factors being equal.

Income Increased

A rise in the amount of money earned from work, investments, or other sources.