An instrument paying a fixed amount in Japanese yen is not negotiable; the instrument must be payable in money authorized or adopted by the U.S.as part of its currency.

Question

Quizplus · Accepted Answer

An instrument can be negotiable if it is payable in any currency, not just U.S. currency. The requirement is that it must be payable in money, which can include foreign currencies like Japanese yen.

An Instrument Paying a Fixed Amount in Japanese Yen Is