Which of the following is known as a substitute for cash?
A) A negotiable instrument
B) A nonnegotiable instrument
C) A payable document
D) A nonpayable document
E) An endorsed payable document

Question

Quizplus · Accepted Answer

A substitute for cash, or a negotiable instrument, is a written document containing the signature of the creator that makes an unconditional promise or order to pay a certain sum of money, either at a specified time or on demand.

Which of the Following Is Known as a Substitute for Cash