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One of the Most Important Reasons for Creating an Index

question 2

Multiple Choice

One of the most important reasons for creating an index is to ____.

Familiarize with types of business ownership.
Know the corporate income tax rate for large corporations.
Calculate gross investment given net investment, depreciation, and indirect business taxes.
Understanding the most respected professions based on ethical standards.

Definitions:

Banking System

The network of institutions, laws, regulations, and practices that deliver financial services including deposit, loan, and payment services.

Drawer

The party that writes and signs a cheque, instructing a bank to pay a specific amount of money to the bearer or a named party.

Drawee Bank

The financial institution upon which a check is drawn and is responsible for paying the amount indicated when properly presented.

Stop Payment

An order given by an account holder to their bank to not pay out or honor a check or payment that has previously been issued from their account.

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