Negotiable Instruments

Negotiable Instruments

Professional Development

20 Qs

quiz-placeholder

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Negotiable Instruments

Negotiable Instruments

Assessment

Quiz

Professional Development

Professional Development

Practice Problem

Hard

Created by

Jessica Stephens

Used 111+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A negotiable instrument may be oral or written.

True

False

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A written promise by one person to pay money to another person is called a(n)

draft

note

certificate of deposit

bill of lading

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Certificates of deposit generally pay more _____ than regular savings accounts.

fees

interest

options

attention

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The act of placing one's signature on an instrument, usually on the back, to transfer it to another:

drawee

endorsement

negotiation

schedule

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A distinctive mark, characteristic, indicating identity:

substitute

signature

assignment

reconcile

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Without conditions or limitations; absolute

assignment

reconcile

unconditional

substitute

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Stop payment orders are good for six months, whether they be written or verbal.

True

False

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