Explain preauthorized debits and credits.
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Q2: Generally, a transfer initiated by a telephone
Q3: The person who is ordered to pay
Q4: Widespread use of instruments of credit
Q5: The maker executes a note by signing
Q6: Electronic fund transfers that begin at retailers
Q8: The person who executes a promissory note
Q9: Which of the following is true of
Q10: Negotiable instruments have replaced the instruments of
Q11: A drawee who takes responsibility for paying
Q12: Checks and trade acceptances are special types
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