A ________ Is a Two-Party Negotiable Instrument That Is an Unconditional

question 75

Multiple Choice

A ________ is a two-party negotiable instrument that is an unconditional written pledge by one party to pay money to another party.

• A) bill of exchange
• B) check
• C) certificate of deposit
• D) promissory note

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Definitions:

Income

The monetary payment received for goods or services, or the earnings from investment over a particular period of time.

Equity Financing

The sale of shares of stock in exchange for cash.

Shares Of Stock

Units of ownership interest in a corporation or financial asset, which provide for an equal distribution in any profits, if any are declared, in the form of dividends.

Cash

Physical or digital money in hand or readily available for transactions or use.