Use the Fact Situation Above to Answer the Question

question 26

Multiple Choice

Use the fact situation above to answer the question. In this case,if the certified cheque is negotiated

• A)Albert's advice to the bank of the loss of the cheque discharges the bank from having to honour it.
• B)being certified,no stop payment can be put on the cheque and the bank must honour it.
• C)Albert can put a stop payment on the cheque and the bank will not have to honour it.
• D)the bank can put a stop payment on the cheque and the bank will not have to honour it.
• E)none of the above

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Definitions:

Explanatory Variable

A type of variable in statistical modeling that is used to explain variations in the dependent variable; it is also known as an independent variable.

Quantitative Variables

Variables that represent numerical amounts or quantities, which can be measured and expressed numerically.

Associated

Pertains to the connection or relationship between two or more variables or factors.

Response Variable

The outcome or variable of interest that is measured or observed in a study, experiment, or analysis to see how it is affected by explanatory variables.