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Negotiable Instruments in Business: History, Types & Uses

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Since when have negotiable instruments been in use?

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1. A negotiable instrument is which of the following?

2. Which of these is NOT a negotiable instrument?

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About This Quiz & Worksheet

What is a negotiable instrument and how is one used today? You must be able to explain this kind of information in order to do well on this quiz and corresponding worksheet.

Quiz & Worksheet Goals

You will be asked to do the following on this assessment:

  • Note how long negotiation instruments have been in use
  • Define a negotiation instrument
  • Identify types of negotiation instruments
  • Understand what must be included in a negotiation instrument
  • Name the most common negotiation instrument used today

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson, such as information included in a negotiation instrument
  • Defining key concepts - ensure that you can accurately define negotiation instrument
  • Information recall - access the knowledge you've gained regarding types of negotiation instruments
  • Knowledge application - use your knowledge to answer questions about when the use of negotiation instruments began and the most common form used today

Additional Learning

More information can be obtained by reviewing the lesson called Negotiable Instruments in Business: History, Types & Uses. You can expect to learn more about:

  • What exemplifies a form of a negotiable instrument from 8th century China
  • What UCC stands for
  • When promissory notes are used and what is described in them
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