In the United States, which statement is true regarding the type of currency needed to satisfy the currency requirement for negotiability in the United States?
A) U.S. dollars is the only satisfactory currency.
B) U.S. dollars or gold or silver are the only satisfactory currency.
C) U.S. dollars, credit cards and debit cards are the only satisfactory currency.
D) U.S. dollars, English pounds, Euros, and Japanese yen are all satisfactory currency.
E) U.S. dollars, English pounds, Euros, Japanese yen, gold, silver and apples are all satisfactory currency.
Correct Answer:
Verified
Q55: [Yard Mowing] Sophie agreed to mow Reza's
Q56: [Book Payment] Hye and Pat signed a
Q57: Negotiable instruments payable to whoever is bearing
Q58: Fallon is discussing with Lynne the purposes
Q59: When a specific payee is named, the
Q61: A check is always a[n] _ instrument
Q62: A _ is a two-party instrument and
Q63: Which of the following refers to the
Q64: Which of the following instruments satisfies the
Q65: An instrument fails to be negotiable because
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents