One of the Basic Requirements for an Instrument to Be

question 46

Multiple Choice

One of the basic requirements for an instrument to be negotiable is that it must be payable:

• A) to a specific person.
• B) in cash or kind.
• C) "to order" or "to bearer."
• D) on fulfillment of a conditional promise.

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Definitions:

Minor Recessions

Brief periods of economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in successive quarters.

Full Employment

Full employment is a situation in an economy where all available labor resources are being used in the most efficient way possible, typically when the unemployment rate is low.

American National Railroad

A hypothetical or specific railroad company operating within the United States, involved in the transportation of goods and passengers across the nation. (Note: As of my last update, there's no specific entity known as "American National Railroad," this description assumes a generic interpretation.)

Mass Consumption

A large-scale demand for products or services by a wide range of consumers within an economy.