Which of the Following Is Considered as a Distinction of a Check

question 68

Multiple Choice

Which of the following is considered as a distinction of a check?

• A)It always draws its money from a financial institute.
• B)It is created when credit is extended to a buyer by a seller.
• C)It is a two-party instrument.
• D)It is an unconditional written promise to pay.

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Definitions:

Chapters

Sections or divisions in documents or publications, such as books, typically indicating a change in subject, theme, or story progression.

Unsystematic Risk

The risk of price changes in a company's stock due to factors specific to the company, as opposed to market-wide factors.

Treasury Bills

Short-term U.S. government debt obligations maturing in one year or less, considered a safe and liquid investment.

Risky Portfolio

A collection of investments that has a higher standard deviation, but potentially higher returns.