A Check That Is Dated Six Months or More Before

question 11

Multiple Choice

A check that is dated six months or more before it is presented for payment or deposit is called a(n)

• A)stale check.
• B)postdated check.
• C) bounced check.
• D) overdraft check.

---

Definitions:

Households

Entities consisting of one person or a group of people who share living accommodations and make joint or separate decisions in consumption and investment.

Normal Good

A Normal Good is a type of good for which demand increases when the income of the consumer increases and falls when the income decreases, assuming the price remains constant.

Factor Market

A marketplace for the services of a factor of production, such as labor, capital, and land.

Inputs

The resources (such as labor, materials, and capital) used in the production process to create goods or services.