Which of the Following Is an Instrument Payable to Cash

question 46

Multiple Choice

Which of the following is an instrument payable to cash or whoever is in possession of the instrument?

• A) A bearer instrument.
• B) A delivery instrument.
• C) An order instrument.
• D) A transfer instrument.
• E) An acknowledgement instrument.

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Definitions:

Consumer Surplus

The disparity between the total payment consumers are willing and have the ability to make for a good or service, and the payment they indeed make.

Consumer Surplus

The divergence between anticipated consumer expenditure on a good or service and the actual expenditure.

Surplus II

An excess of production or supply over demand, leading to potential wastage or decrease in prices.

Total Surplus

The total benefits society gains, encompassed by the addition of consumer surplus and producer surplus within a market.