A Cheque Involves Three Parties: the Maker, Who Signs the Cheque

question 80

True/False

A cheque involves three parties: the maker, who signs the cheque, the payee, who is the recipient, and the bank, on which the cheque is drawn.

---

Definitions:

Portuguese Colony

A territory overseen and controlled by Portugal during its period of colonial expansion, particularly from the 15th to the 20th centuries.

Colonial Economy

Refers to the economic system and practices implemented by colonial powers, often characterized by exploitation and exportation of raw materials from the colonized territories to benefit the colonial country.

Canary Island

A group of Spanish islands located off the northwest coast of Africa, noted for their unique ecosystems and cultural heritage.