With A[n] ______ Instrument,the Payee or Subsequent Holder Can Demand

question 52

Multiple Choice

With a[n] ______ instrument,the payee or subsequent holder can demand actual payment at any time.

• A) Time
• B) Demand
• C) Recourse
• D) Nonrecourse
• E) Immediate

---

Definitions:

Gross Earnings

The total income earned by an individual or company before any deductions or taxes are taken out.

Provincial Utility

A utility company or service, like electricity or water, that is operated at the provincial or state level rather than locally or nationally.

Biweekly

Occurring every two weeks.

Overtime

Additional time worked beyond the standard working hours, often compensated at a higher rate.