A ________ Check Is a Check Drawn by One Bank

question 38

Multiple Choice

A ________ check is a check drawn by one bank on another bank in which it has funds on deposit in favor of a third person,the payee.

• A)traveler's
• B)teller's
• C)cashier's
• D)certified

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Definitions:

Breaking Even

The point at which total costs and total revenue are equal, resulting in no net loss or gain for a business.

Monopolistic Competitor

A firm in a market structure where many companies sell products that are similar but not identical, allowing for some control over prices.

Monopolistic Competitors

Companies in a market where many sellers offer products that are similar but not identical, giving each some degree of market power.

Small Companies

Businesses with a smaller scale of operations, employee base, and market presence, often characterized by lower revenues than larger corporations.