In Which of the Following Cases Is an Overdraft Created

question 44

Multiple Choice

In which of the following cases is an overdraft created in a drawer's account?

• A)when a properly payable check issued by the drawer is presented for payment, but the drawer's account does not have sufficient funds in it
• B)when the drawer issues a stop-payment order for a check, but the bank still goes ahead and pays the holder of the check
• C)when the bank pays the holder of a check in which the amount payable is altered to indicate a higher amount than was originally intended
• D)when the payee presents the check after six months from the date of the check and the bank still pays the holder

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Definitions:

Labor Rights

The protections and entitlements of workers, including the right to safe working conditions, fair wages, and freedom from discrimination, established by law and labor unions.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment, significant declines in output and the standard of living, and widespread poverty.

New Deal

A series of programs, public work projects, and financial reforms enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939 to help recover from the Great Depression.

World War II

A worldwide war that occurred between 1939 and 1945, engaging the majority of the globe's countries, comprising all of the major powers, which later divided into two antagonistic military coalitions: the Allies and the Axis.