Asked by Seniha Elcik on May 15, 2024
Verified
The vital importance of negotiable instruments and electronic transfers as methods of payment cannot be overstated.
Negotiable Instruments
A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, which can be transferred to another party.
Electronic Transfers
The movement of funds between bank accounts through digital means, often executed via online banking platforms or electronic payment systems.
- Gain an understanding of the core principles of negotiable instruments.
- Identify the characteristics and types of negotiable instruments.
Verified Answer
RL
rahma lintangMay 16, 2024
Final Answer :
True
Explanation :
Negotiable instruments (like checks, promissory notes, and bills of exchange) and electronic transfers are crucial in the financial world for facilitating transactions efficiently and securely, enabling the smooth operation of commerce and trade.
Learning Objectives
- Gain an understanding of the core principles of negotiable instruments.
- Identify the characteristics and types of negotiable instruments.