Types of Negotiable Instruments скачать в хорошем качестве

Types of Negotiable Instruments

Negotiable instruments play a crucial role in facilitating financial transactions, and several types serve distinct purposes. Checks are widely used for everyday payments, representing written orders instructing a bank to pay a specified sum to the payee. Certificates of deposit (CDs) are time deposits with banks, offering a fixed interest rate over a specified period, providing a secure investment option. Drafts, in the form of written orders, direct one party to pay a sum of money to another, commonly used in commercial transactions. Promissory notes involve a written promise from one party to pay a specific sum to another, either on demand or at a designated future date. These instruments ensure smooth financial exchanges, contributing to the efficiency of economic activities. Subscribe to Alanis Business Academy on YouTube for updates on the latest videos: https://www.youtube.com/alanisbusines...