A Demand Draft Is

A demand draft is

A) a bill of exchange that is payable within a stipulated period, after presentation.
B) a bill of exchange that is payable within a stipulated period, after the date stated on the instrument.
C) a bill of exchange that is payable at sight.
D) a bill of exchange that is payable immediately upon presentation without any days of grace.
E) a bill of exchange on which the expression demand draft is written.

Correct Answer:

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