An instrument is not negotiable if reference must be made to foreign exchange rates when payment is due.

False; To be negotiable, an instrument must be payable in a fixed amount of money. Money includes “a medium of exchange authorized or adopted by a domestic or foreign government as a part of its currency.” An instrument payable in an amount stated in foreign currency can be paid in that currency or in U.S. dollars. More test answers on https://studyhippo.com/blaw-333-tf/

The bond markets are important because they are a. easily the most widely followed financial markets in the United States b. the markets where foreign exchange rates are determined c. the markets where interest rates are determined d. the markets where all borrowers get their funds

C More test answers on https://studyhippo.com/mb-chap-1-quiz/

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