Who Is the Acceptor of a Draft in a Draft

question 62

Multiple Choice

Who is the acceptor of a draft in a draft transaction?

• A) the drawer
• B) the drawee
• C) the payee
• D) the financee

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Definitions:

Restrictive Policy

A policy designed to limit or restrict certain actions, often used to control spending or investments.

Cash-Out Situation

A scenario where an individual withdraws funds from an investment or refinances a property to access the equity built up, often resulting in immediate liquid cash.

Restrictive Policy

A policy that limits or restricts certain actions, typically implemented to control financial practices or prevent excessive risk-taking.

Inventory

The total amount of goods and materials held by a company intended for sale or used in the production of goods sold.