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Author Question: Explain and give examples of two categories of negotiable instruments. What will be an ideal ... (Read 74 times)

K@

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on: Aug 3, 2018
Explain and give examples of two categories of negotiable instruments.
 
  What will be an ideal response?

Question 2

A certificate issued by a federal, state or local governmental agency allowing some action to be taken, is a(n):
 
  a. Permission
  b. Allowance
  c. Variance
  d. Permit


cascooper22

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Reply #1 on: Aug 3, 2018
Answer to Question 1

Promise paper =
promissory notes and certificates of deposit. Order paper = checks and drafts

Answer to Question 2

D


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