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Which of the Following Instruments Defines an Order Directed to a Certain

question 18

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Which of the following instruments defines an order directed to a certain person,namely a bank,to pay money from a person's account to a third person?


Definitions:

Accounts Receivable

The funds that customers owe to a business for products or services already provided but not yet compensated for.

Inventory

A company's merchandise or goods ready for sale, representing one of the key assets that businesses manage and report on their financial statements.

Municipal Bond

A debt security issued by a state, municipality, or county to finance its capital expenditures, often exempt from federal taxes and sometimes from state and local taxes.

Tax Bracket

The range of incomes taxed at a specified rate by the government, part of a progressive tax system where tax rates increase with income.

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