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Why does a Bill of Exchange serve as a matter of credit and payment at the same time?
Wiki User
∙ 6y ago
Because - it's a 'promissory' contract guaranteeing payment - either immediately or at a later date. The certificate is effectively cash - allowing a purchase to take place immediately (like cash), but with a deferred payment (like a credit card).
Wiki User
∙ 6y ago
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Define money and what are the fumctions of money?
Money can be simply defined as anything which is generally acceptable as a means of exchange. Function It serve as a means of payment for any goods and services. It can also serve as means of investment
How do you get credit for military service?
what kind of "credit" ??? You have to serve in the military to get any kind of credit.
Why did vassals have to serve lords?
Vassals had to serve lords because the vassals promised to serve a lord in exchange for land.
Are California iou's an unconstitutional bill of credit?
California IOUs are not considered an unconstitutional bill of credit because they function as a form of payment from the state rather than a promise to pay in the future. They are issued as a response to cash flow issues and serve as a temporary solution until the state can meet its financial obligations.
Is it grammatically correct to say you are a credit with which to serve?
no
What function do the market clearinghouses serve?
These organized exchanges have clearinghouses, which may be financial institutions or part of the futures exchange. They interpose themselves between the buyer and the seller, guarantee obligations, and make futures liquid with low credit risk.
What does Mephistophlelse offer Faust in exchange for Faust serving him in the after life?
to serve him as well,,,.....
What does standard of deferred payment mean?
In economics, one of the four functions of money is to serve as a "standard of deferred payment". It means that a contract or agreement may specify (or imply) that the repayment of a debt be made using a particular monetary unit. It differs from other functions of money in that it is not functioning as an immediate medium of exchange or store of value but, rather, as a medium by which future payments will be made.
State three ideas or topics that could serve as the focus of subject matter in an artwork?
State three ideas or topics that could serve as the focus of subject matter in an artwork.
Can you serve fried fish at a banquet?
Yes I guess you can. Why does it matter what food you serve? It's your banquet you decide I really hope you serve fried fish!
What is the PBX system?
PBX is a Private Branch Exchange. It is a separate telephone exchange, to serve a large building or office. PABX is a private automatic branch exchange. Where you can contact individuals automatically within a building by direct dialing.
When are Deferred payment accepted?
In economics, one of the four functions of money is to serve as a "standard of deferred payment". It means that a contract or agreement may specify (or imply) that the repayment of a debt be made..
