Ch 55: PLACE Business Education: Negotiable Instruments

About This Chapter

The short videos in this chapter review how businesses use negotiable instruments. You can use these videos to prepare for the PLACE Business Education test, which may ask you about negotiable instruments in business.

PLACE Business Education: Negotiable Instruments - Chapter Summary

This chapter covers some types of negotiable instruments in business, their uses and pertinent laws and codes. To help you prepare for the PLACE Business Education test, the lessons will give you the chance to study:

  • Types of negotiable instruments used throughout history and today
  • Promissory notes, terms and calculations
  • Bill of exchange
  • The pros and cons of certificates of deposit

Every lesson in this chapter is accompanied by a text transcript and interactive quiz. You can review the text to cement essential vocabulary words. The quizzes ensure that you have not missed any crucial information. They also help you see the format of the PLACE Business Education test.

PLACE Business Education: Negotiable Instruments Chapter Objectives

The PLACE Business Education test is split into five categories, one of which is Accounting, Finance and Business Law. In this section, you may find questions about various forms of negotiable instruments and how to create and use negotiable instruments. All of the questions in the Accounting, Finance and Business Law portion are multiple choice. You can practice answering these questions by taking the end-of-lesson quizzes.

5 Lessons in Chapter 55: PLACE Business Education: Negotiable Instruments
Test your knowledge with a 30-question chapter practice test
Negotiable Instruments in Business: History, Types & Uses

1. Negotiable Instruments in Business: History, Types & Uses

Did you know that when most people buy cars, they use what is called a negotiable instrument? Learn what makes this type of transaction a negotiable instrument and how long negotiable instruments have been around.

What Is a Promissory Note? - Definition & Example

2. What Is a Promissory Note? - Definition & Example

This lesson will provide an overview of a promissory note in lending. You'll learn the definition of the term and look at a common example of a promissory note.

Promissory Note: Terms & Calculations

3. Promissory Note: Terms & Calculations

Watch this video lesson, and you will learn how some promissory notes, such as mortgages, can be sold and why they are sold. Learn about the terms or conditions that go into such a note and how money is made with these notes.

What Is a Bill of Exchange? - Definition & Sample

4. What Is a Bill of Exchange? - Definition & Sample

Buyers and sellers of goods process payments in a variety of ways. One method is using a bill of exchange, or a written agreement to pay a certain amount on a certain date. In this lesson, we'll learn the basics of a bill of exchange.

Certificate of Deposit: Definition, Advantages & Disadvantages

5. Certificate of Deposit: Definition, Advantages & Disadvantages

One of the advantages of being financially wise and having a savings account or funds to invest is that you can make your money work for you by earning interest. In this lesson we'll learn about one investment - a certificate of deposit.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the PLACE Business Education: Practice & Study Guide course

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