Fact Pattern 24-2A (Questions A3-A4 Apply)

question 17

Multiple Choice

Fact Pattern 24-2A (Questions A3-A4 apply)
Commodity Sales Corporation and Resource Purchasing Company enter a contract for a sale of unprocessed silver.Commodity Sales draws a draft unconditionally ordering Resource Purchasing to pay $50,000 to Commodity Sales's order in sixty days.Resource Purchasing signs and dates the draft.
-Refer to Fact Pattern 24-2A.On this instrument,Commodity Sales is

• A)the banker.
• B)the drawer.
• C)the maker.
• D)the trader.

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Definitions:

Doughnuts

A type of fried dough confectionery or dessert food, typically ring-shaped, sweet, and sometimes filled.

Coffee

A beverage made from roasted and ground seeds of the Coffea plant, consumed worldwide for its stimulating effects.

Optimal Consumption Rule

A principle in economics that determines the best combination of goods and services that maximizes the utility of a consumer given their budget constraints.

Marginal Utility

The additional satisfaction or benefit gained from consuming one more unit of a good or service.