Legislation Has Ended the Monopoly Status of Utilities in Some

question 12

True/False

Legislation has ended the monopoly status of utilities in some areas.

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Definitions:

Liability

The state of being legally responsible for something, particularly for debts or legal obligations.

Intermediary Bank

A financial institution that acts as a middleman between a payer's and a payee's banks, especially in international wire transfers.

Check Collection

The process of a bank or other financial institution obtaining the funds promised in a check from the check writer's bank.

Transferred

The act of moving or being moved from one place, position, person, or organization to another.