Question 21 15 pts [21] If the payment contract for a business transaction with a delivery delay was conditional. then 0 the buyer's risk of nancial loss was increased. 0 bills of exchange could not be drawn on the contract. 0 the seller would not be willing to accept bank notes in payment. 0 the payment would usually be made using goods rather than specie. Question 22 15 pts [22] In a transaction involving a bill of exchange, the _______ played the same role as a modern 0 promissory note, demand deposit. 0 drawee, check-writer. 0 bill of exchange, credit card. 0 drawer, bank. Question 23 15 pts [23] The fact that bills of exchange were occasionally forged or dishonored O prevented them from being used as a means of payment. 0 helps explain why promissory notes were a more popularform of paper money. 0 caused business people to shy away from them. so that they were used mostly by common people. 0 increased the cost of using them to make payments. Question 24 15 pts [24] Which of the following statements is n_ot correct? 0 A nancial intermediary is a type of bank. 0 A bank is a type of rm. 0 A rm is an organization that produces goods andfor services. 0 None of the above: that is, all of the above statements are correct. Question 25 15 pts [25] From the viewpoint of people who were not engaged in business. bank notes were a superior form of paper money because 0 they were available in small denominations. 0 they did not trade at discounts. 0 Both a and b. 0 None of the above