Practice mode / Basic of Economics What is a demand note? A Option A: Security payable in lawful money upon demand B Option B: Cheque payable in lawful money upon demand C Option C: Draft payable in lawful money upon demand D Option D: Term deposit payable in lawful money upon demand Correct answer C. Draft payable in lawful money upon demand Explanation A demand note is a draft or note that must be paid in lawful money as soon as the holder presents it and asks for payment, with no fixed maturity date. Show answer Report a problem Answer checked 11 October 2026 · How we write and check questions
Question 01 / Basic of Economics A depression is a drastic decline in a national or international economy. What are its characteristics? A Option A: Falling prices B Option B: Unemployment C Option C: Decreasing business activity D Option D: All of these Correct answer D. All of these Show answer Open question
Question 02 / Basic of Economics What does the word deed mean in law? A Option A: Something done B Option B: Legal instrument used to grant a right C Option C: Legal instrument D Option D: None of the above Correct answer B. Legal instrument used to grant a right Show answer Open question
Question 03 / Basic of Economics What does the discount rate refer to? A Option A: Advance deduction of the interest in purchasing, selling or lending a commercial paper B Option B: State (central) bank's interest rate on loans to its member banks C Option C: Both of them D Option D: None of them Correct answer C. Both of them Show answer Open question
Question 04 / Basic of Economics Production work and trade are split into separate processes carried out by different workers or groups of workers. What is this separation called? A Option A: Division of Labor B Option B: Closed shop C Option C: Open shop D Option D: Divided Labor Correct answer A. Division of Labor Show answer Open question
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