Frictional Unemployment Occurs Because

question 88

Multiple Choice

Frictional unemployment occurs because

• A)it takes time to find a job.
• B)people have insufficient skills.
• C)of economic booms.
• D)of recessions.
• E)of inflation.

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Definitions:

Endorsers

Individuals or entities that sign the back of a negotiable instrument, such as a check, indicating their approval or transferring ownership.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Reasonable Identification

Identification that is deemed sufficient by law or regulation to reliably establish an individual’s identity.

Notification of Dishonor

A formal notice given to the parties involved in a negotiable instrument (like a check or promissory note) indicating that payment has failed or been refused.