A ________ Is an Exception in Promissory Notes, as It

question 7

Multiple Choice

A ________ is an exception in promissory notes, as it does not require the maker's unconditional and affirmative promise to pay.

• A) trade acceptance
• B) collateral note
• C) remittance advice
• D) certificate of deposit

---

Definitions:

U.S. Aid

Financial or material assistance provided by the United States to other countries, aimed at promoting economic development and welfare.

Freer International Trade

The reduction or elimination of barriers to exchange and trade between countries, such as tariffs and quotas.

Trade Barriers

Measures implemented by countries to regulate or limit international trade, including tariffs, quotas, and non-tariff barriers.

Political Will

The commitment of political leaders to undertake actions and policies, especially those that are difficult or controversial, to achieve specific outcomes.