An unconditional order by a creditor to a debtor requiring payment on a specified date…

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Commerce NECO 2009

An unconditional order by a creditor to a debtor requiring payment on a specified date is called

  • promissory note
  • letter of credit
  • money order
  • bill of exchange checkmark

The correct answer is: D

Explanation

A bill of exchange is an unconditional order issued by the creditor and orders a debtor to pay a particular amount within a given period of time. 

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