Once a Bill Is Drawn It Is Sent to the ___________

question 49

Multiple Choice

Once a bill is drawn it is sent to the ___________ for ___________. Before the date for payment it may be negotiated to others, called _______________ by way of ___________.

• A) maker; endorsement; holders; exchange
• B) drawee; endorsement; endorsers; acceptance
• C) drawee; payment; endorsers; endorsement
• D) drawee; acceptance; holders; endorsement
• E) maker; acceptance; endorsers; endorsement

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Definitions:

National Saving

The total savings of a nation, calculated as the sum of private and public saving, representing the part of national income not consumed or spent by the government.

Foreign Assets

Financial assets or investments that are located in a country other than the investor's home country.

Open Economy

An economy that engages in international exchange of goods, services, and capital.

National Saving

The total amount saved by the government, households, and the business sector in an economy.