Quiz 5

Question 1

A certificate of deposit is an example of a/an

Answer 1

commercial paper

Question 2

A check is an example of a/an

Answer 2

orders to pay

Question 3

The person who executes a promise to pay is the

Answer 3

maker

Question 4

In “orders to pay” the bank or financial institution that is ordered to pay is the

Answer 4

drawee

Question 5

In “order paper” the person who makes the check is the

Answer 5

drawer