What are the two major uses of a negotiable instrument and what types of negotiable instruments serve each purpose?
A negotiable instrument may be used as a substitute for money or as a credit device (a means of extending credit). Checks and drafts may be used as a substitute for cash while promissory notes and certificates of deposit (promises to pay) are primarily used as credit instruments.
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______ self-protection strategy allows us to give ourselves a logical explanation for an unrealistic picture, thought, or feeling.
A. Repression B. Rationalization C. Displacement D. Counterfeit relationship
The existence of fair value estimates that are unreasonable or unsupportable is indicative of a potential fraud scheme
a. True b. False Indicate whether the statement is true or false
The risk of the firm increases the _____________________________________________
Fill in the blank(s) with correct word
Organizations that are highly labor-intensive will have low operating leverage due to
a. A small amount of variable costs. b. A large amount of fixed costs. c. A small amount of mixed costs. d. A large amount of variable costs.