Final exam review
Authored by Samuel Eastman
Business
Professional Development
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32 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A signed writing containing an unconditional promise to pay an exact amount of money
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Unconditional written order that involves three parties: Drawer (creator of draft), Drawee (financial institution), & Payee
Draft
Check
Promissory Notes
Certificates of Deposits
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Demand instrument that is payable on demand.
Draft
Check
Promissory Notes
Certificates of Deposits
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A written promise made by one person (the maker of the promise) to pay another a specified sum.
Draft
Check
Promissory Notes
Certificates of Deposits
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Type of note issued when a party deposits funds with a bank, the bank promises to repay funds with interest on certain dates.
Draft
Check
Promissory Notes
Certificates of Deposits
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Order negotiable instruments
Draft
Check
Promissory Notes
Certificates of Deposits
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Promise to pay negotiable instruments
Draft
Check
Promissory Notes
Certificates of Deposits
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