A primary function of a negotiable instrument is that it acts as a substitute for ________.
A) money
B) goods sold
C) services rendered
D) the assets held by the drawer

Question

Quizplus · Accepted Answer

A negotiable instrument, such as a check or promissory note, can be used as a substitute for money in transactions. It is a written promise to pay a specified amount of money to the bearer or to a specific person or entity, and it can be exchanged in lieu of cash or other forms of payment.

A Primary Function of a Negotiable Instrument Is That It