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

Question

Quizplus · Accepted Answer

A)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.
B)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.
C)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.
D)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.
E)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