To determine the value of an instrument, it is necessary to know when the maker, drawer, or acceptor is required to pay.

Name: To determine the value of an instrument, it is necessary to know when the maker, drawer, or acceptor is required to pay.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The value of an instrument often depends on the payment terms, including the timing of when the maker, drawer, or acceptor is required to pay, as this affects the instrument's risk and return profile.

To Determine the Value of an Instrument, It Is Necessary